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Gold/Mining/Energy : Mongolia Gold Resources -- Ignore unavailable to you. Want to Upgrade?

To: Dave R. Webb who wrote (3399)	4/23/1999 9:53:00 PM
From: d:oug	Read Replies (1) \| Respond to of 4066

Dave, you put out a news release to shareholders, and thru a post here on SI I asked you a direct question about a specific part, the 1:20 consolidation . Follows is from the news release. In addition, the Company is seeking approval from the shareholders at this time for a share consolidation and... ... The proposed consolidation of 20 to 1 would result... ... Shareholder approval of such a consolidation will give the board the ability to prepare for the contingency should its business affairs in Mongolia not be resolved in a timely manner or to the Company's satisfaction... ...On behalf of the Company Dr. D.R. Webb President The following is my question: <<(2) If the Mongolia situation is resolved prior to May 21 to a satisfactory resolution to MGR, then my read of the news release is that the consolidation will not be done even if passed. (agree ? yes or no)>> The following is your answer: << Management proposes various resolutions that must be voted on to be accepted. Management then solicits shareholder support for these resolutions. It would be very unlikely that any proposal is made that is considered contrary to the shareholders best interests. Any director proposing and supporting a proposal that is clearly not in the shareholders best interest would be liable for sanctions including fines, and depending on the circumstances, imprisonment. >> If a judge in a court of the USA heard this reply to the question, the judge would tell you that you have not answered the question, and he or she would then order you to give an answer, or be in contempt. My opinion only, but using the duck test, if it walks talks and looks like... You can say that you were not answering my question, and it was extra info. You can say that to answer this question give out insider info. You can say anything you want, but to me you have given your reply, which I take as you answer being either: 1. you do not want to legitimize the news release 2. want lots of wiggle room to get out of what you said 3. you do not really know what you said 4. you put out a news release without being carefull and may have misspoke 5. you don't want to be responsible for what you tell shareholders For me, and its one of my bad habits, I ask a question and take the person's next response as the answer. Many persons have been troubled that I did not ask again or took their non-answer and acted on it. Maybe another shareholder would like to know the answer to the question I asked you. Once again, this business stuff is not like science or engineering or math where logic and nature rules. Here persons do and say what is not real or true. Doug

To: Dave R. Webb who wrote (3399)	4/24/1999 6:56:00 AM
From: Wayne Barrick	Read Replies (1) \| Respond to of 4066

Companies do a share consolidation based on something significant that a company has in order to raise additional capital through private placements etc. in order to carry on with the operation. I do not know of many companies that do a share consolidation based on nothing! If you do succeed in getting the shareholders to agree on a refinancing scheme (which we both know will happen) I will be the first to begin shorting this stock in a big BIG way.