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International Investing / Australia (All-Ordinaries)


Subject:  Re: Pilbara Mining Date:  3/6/2000  1:22 AM
Author:  demiller1 Number:  1209 of 6186

Yea well.... CCR

I am heavily involved and do not like my money being tied up for so long through the delisting .... conversion of 10:1 and the fund raising!

I have no choice though and I understand that the prospectus finalised March 1.

It will be interesting whether the original shareholders of CCR (like myself) do get the required number of shares that we applied for in the new venture B2B, or the directors will ensure that 'friends' in need are friends in deed!

I do not trust any director of any of these small public companies - IMO they are only out for themselves so I expect a large portion of the application funds to be returned.

Word out was that the monies available for subscriptions easily made the prospectus oversubscribed before it was issued, hence they were allowed to take oversubscriptions from the applications.

T'is a waiting game!
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