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Rod Steel

01/09/03 4:17 PM

#1217 RE: SoxFan #1212

SoxFan - Here's a couple of places...

...to start...

http://www.officetower.com/clients/clipboard/cangalli/whymyng.htm

...The "addenda" section somewhat addresses your question about salaries - the 10K's have the details...

http://ragingbull.lycos.com/mboard/boards.cgi?board=MYNG&read=42149

...The convertible debentures discussed are held by one individual who provided most of the funding for the last three years...

Rod


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twilko

01/09/03 11:51 PM

#1219 RE: SoxFan #1212

SoxFan,
The executive pay is high; however some are the ones funding this operation. The history is pretty complicated, and would be difficult to go over here. This is a mining operation that is not like any that have been done before. There is info on their website about what they hope to do. One has to be an engineer or "believer" (I happen to be both)in order to invest in this one. I have been a long term investor, and recently increased when the price fell. As some would say, it is gambling money, but then it does belong to me. Digrdug who has been on every Myng thread was very opposed to this mine and fought all who invested. There are still people who will say to stay away, and they have very good reasons. There really is two sides to this one, and it is advised to look very carefully to both sides. It is important to know if the person telling you their side is a holder of stock, a non-holder, or are shorting the stock. The shorters will be the ones that are quiet about their holdings.
Good luck with your investments,
Terry