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Gold/Mining/Energy : GEAC.....Canadian best kept secret
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To: micromike who wrote (1517)2/1/2001 10:27:59 PM
From: Ally  Read Replies (1) of 1571
 
Another possibility Mike is that there are negotiations going on and possibly a deal to sell all of Geac would happen before Feb 15th. If a deal is already in the works for selling the company, there would be no need for the line-of-credit. I hope that the company is not sold lock stock and barrel. Wouldn't fetch a good price when the stock is worth $3.50. Also, most all of the buy and hold faithful investors would lose money if the company is sold at this time. I doubt it. I think the new CEO would try and figure out ways on how to clean up the company and carry on. If he sells the company now, most likely he'll be out of work again. It'd be to his advantage to keep the company, get lots of cheap options given to him for the "good work done" and become rich. We'd be amazed how "Richard Hatch like" managers can be when it boils down to looking after themselves.
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