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Show Page 10 National Enterprise Monarch Mines Mulls Merger Solving Corporate Problems Through Mergers continued from pageS products, sales and earnings. (d) Present or potential problems due to governmental regulations or restrictions. effect (e) The on employee morale, pension g or plans. ment of one of the companies allowed their egos, or concern for job security to overcome sound thinking. The largest single obstacle to hurdle in accomplishing a merger is the personality factor of each comcountless panys managements. are There Such items as titles and have been mergrs that would very advantageous to the res- management allignment of the pective companies share- officers, board representation, holders except the manage salaries, bonuses, expense post-merg- er profit-sharin- accounts, surviving lead bank, accountants and corporate counsel are the primary obstacles to overcome if merger negotiations are to become serious. While these problems are not unusually difficult wherein a small company is. merging into a large company, they become increasingly difficult as two companies approach equal size in earn GOLD PROFITS '60 to '68 penny silver stocks increased in price on average happen to penny golds! it will Learn 1 5 specific 1 50 times Why reasons why you should consider penny gold stocks. Which ones to select, when to buy, how to buy, how to diversify, when to sell, how to sell. Ten chapters, 177 pages, 4 appendix, 816 x 1 author, Norman A. Lamb, has studied Western gold mine geology for 20 years the only authority in this little known investment field. The spite of punitive government legislation, Energy Minerals (OTC .75, .9375) will increase development expenditures in Colorado up to 20 percent and expand regional exploration, Weldon C. according to Julander, president of the DENVER-- In not too late! These unknowns will be the gold stocks of the future. The penny gold action has barely begun. Be , - Silver Monarch Mines (OTC has executed a letter of intent to consolidate with C.B.T. .20-.3- 0) Constructors of Ponca City, Oklahoma, according to Monarch president Fred Attaya. C.B.T. Constructors are steel fabricators of piping and oil refinery equipment and towers. The company is presently owned privately and has been engaged in business in the Ponca City, Oklahoma area for approximately ten years. Its unaudited financial statements indicate gross revenues in excess of $1 million for the year ending January 31, 1975 and a projects revenues for fiscal year ending January 31, 1976 will again exceed $1 million, Attaya said. C.B.T. Constructors is basically debt free. Energy Minerals Eyes Growth lsize. Acclaimed by national and international gold experts and financial editors. It is Ft Worth,, Tex penny golds listed and discussed. Fifty-fou- r and he managements having an overrated opinion as to the fair value of their company in a merger, if they are sincere in their desire to accomplish a merger, they can obtain good counsel as to a fair, just and equitable trade from any qualified investment banking firm As a matter of fact, the services of a good investment banking firm, together with g qualified legal counsel each company can susally overcome, or avoid, most of the problems or pitfalls inherent to mergers. By allowing the professionals to examine, evaluate, and negotiate objectively antagonism and personality conflicts between respective managements are largely avoided. Mr. Bradford is president , First Corporate Finance Corporation, an investment bank-in-g firm with offices in Salt Lake and Dallas. how to invest, Some suggestions will surprise you! is While there always exists the serious problem of certain repre-sengin- HOW TO MAKE A FORTUNE FROM THE COMING GOLD BOOM INVESTING IN LITTLE KNOWN U.S. BOND MINE STOCKS From ings and net worth. ahead of the crowd! Discover obscure penny golds before they get popular. A new way to look at gold investments. your copy of SMALL FORTUNES SEND MO IN PENNY GOLD STOCKS Denver-base- d NOW C Mail this coupon to: Name Address. SRT City Corporation P.O. Box 148 State Vallejo, California 94990 Zip Please send me copies of SMALL FORTUNES IN PENNY GOLD STOCKS by Norman Lamb at M0.00 each (California residents add sales tax). Enclosed is a check for NE A r comapny. Julander said that the rollback of crude oil prices caused by the omnibus energy act will mean a reduction in oil revenues for the firm of 18 to 20 percent. It will hurt, he said. We have no choice to buckle down and get after it. Moving Up in Rank Energy Minerals was the 19th ranked crude oil producer -- in Colorado in 1974, having jumped from 38th place in 1973. The company expects to rank even higher when all of the statistics are in for 1975 because of an increase in the number of new wells on production. And, according to Julander, his firm isnt unusual in trying to increase its production. He predicted that other firms in the industry will continue a strong exploration activity in Colorado and the Rocky Mountain region during 1976. Most of the firms production is new oil which has been selling for approximately $14 a barrel. Under the Congressional the initial price for new oil in 1976 will drop back 18 to 20 percent. In spite of the setback, however, Julander said that he expected his firm to increase its cash flow early in the year because of renegotiated contracts for casinghead gas from its wells in the Spindle Field north of Denver. roll-bac- k, Plow Back Profits The firms philosophy remains the same, Julander said. Well keep plowing this money back into developing our properties in this area, which, in turn, will build you Covered reserves and increase produc- With over 1600 stock quotations, news articles, earnings reports, corporate profiles, market columns and feature stories, the National Enterprise covers the OTC securities market from coast to coast. behind closed doors of make it our business to know whats going on in the industry-fro- m corporate board rooms to changing securities laws and regulations. Well keep you posted on the latest developments and abreast of current trends. We The National Enterprise gives your investments the kind of coverage they deserve. Please send me a one-yea- r subscription to the National Enterprise. Enclosed is $18.00. NAME. ADDRESS. s CITY STATE. ZIP- - Mail to: THE NATIONAL ENTERPRISE P.O. BOX 11778 SALT LAKE CITY. UTAH 84147 tion and revenues. The philosophy apparently works. Energy Minerals drilled 10 full interest development wrells on its Spindle and Singletree field properties in 1975 and all were producers The company had substantial interests in three wildcat wells during the past year. This year it plans a lesser exposure in more wells, with expenditures for wildcat ven- tures remaining about the same. continued on page 12 |