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Microcap & Penny Stocks : ABFG - AMERICAN BENEFITS GROUP, INC. -- Ignore unavailable to you. Want to Upgrade?


To: Janice Shell who wrote (3883)5/21/1999 10:16:00 AM
From: Jeffrey S. Mitchell  Read Replies (1) | Respond to of 4128
 
Janice, I heard that Mark Susannah sold Stone & Woods s.a.r.l. which has some 30 odd permits to ABFG-- for $500,000 cash and 3.5 million new ABFG shares. Susannah's venture partners - Blue Stone (Arabs) and Adamco (Thais) were reportedly furious. Our friend Sharifi (one time ABFG director according who left to pursue other interests) went to or is in Calgary to get his piece of the action from Sklar. Gotta make everyone happy, right? (g)

As for Victory, Sklar made another offer to buy them recently. Supposedly he also tried back last June or July. Victory and SRR were having problems cementing their relationship but this week I hear Victory transferred 8 properties to SRR ending all connection with Victory. Maybe ABFG will have to buy SRR now. (g)

ABFG has also offered to buy out other property owners in Madagascar. Considering the outstanding shares seem to be increasing at a dramatic pace, and considering ABFG has 200,000,000 shares authorized, looks like only Sklar's horrible reputation stands in the way. As for what the share price will look like when these people start dumping, who knows. Regardless, I'm sure everyone will blame it on the evil MMs (gg).

- Jeff