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To: The Barracuda™ who wrote (8024)	4/20/1999 12:53:00 PM
From: The Barracuda™	Respond to of 13776

Newgold INFO------------- NGLD there are about 25,000,000 shares of NGLD outstanding or about 2.1MM post split. there are currently about 7MM shares Business web outstanding (post split). Combined there will be (post split) 9.3MM shares out. However, There has been a $5.1MM financing by IBK capital at (I'm guessing) about 27 cents a share (pre split). If this is correct that means that there will be an additional 19MM shares outstanding (pre split). Since the shares are now at 40 cents, the insiders may be selling their shares to the public at 40 cents and taking down the private placement at 27 cents. There is nothing wrong with this but what bothers me is that the companies are not taking phone calls.. which leads me to wonder if any thing odd is going on. I suspect that these "Venture Capitalists" are insiders that are using the current strength in ngld to unload their free trading NGLD shares at 40 cents and buy the private placement. On the other hand, despite a lot of selling, the stock is standing up well.