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Gold/Mining/Energy : GMD RESOURCE

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To: Mr Metals who wrote (531)	1/29/1998 10:24:00 PM
From: slick stevens	Read Replies (1) of 1030

Hey...I heard some guy named Don Ferret is looking for real estate in the Cayman Islands...just down the road from John Federhof ...man...the stock market companies they could create...totally legitimate of course...hmmm...how about Ferret Financial Ltd... I will be sending my resume in to GMD for one of the recently advertised employment opportunities...I don't know a damn thing about mining...but I am honest...and those qualifications should put me at the top of the short list... Seriously though...I think Dave Webb is a good choice, and perhaps the only choice, for the interim president of GMD...but he will be in charge of a company that has a $3 million unsecured piece of paper, a huge lack of investor confidence, a big time PR problem, a remaining management team that is likely in disarray and don't forget...there may be a lot of dirty little secrets and dirty little deals that have yet to come out in the open... There is no good news for GMD...the damage is huge...and probably lethal... Credibility for a company cannot be restored overnight...it takes years...and it is doubtful that GMD will be around that long... I suspect that if shareholders can sell their stocks at any price, it will be better than no price at all...that is not good news...but it is reality... And don't forget that the ex-GMD directors and ex-president probably have a wad of GMD stock that they are just dying to get rid of...

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