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Gold/Mining/Energy : Global Platinum & Gold (GPGI)

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To: Zeev Hed who wrote (9609)	3/1/1999 1:18:00 PM
From: Ed Fishbaine	Read Replies (1) of 14226

Zeev I know a few very heavy holders of GPGI shares who want out. They feel that as long as Jensen and crew are in place this company is going to prove defective no matter how good the results from McKays efforts are. They have other fish to fry and want to salvage whatever they can when there is any liquidity. I am not one of these sellers and much as I am aware, as you know, of Jensens incompetence, I am not certain that he will not be neutralized in the not too distant future. Also, McKay's efforts might prove extraordinary. These heavy holders are unloading today. How many shares have to come out I do not know. But if news continues to be reasonable, based on McKay's promises of further information, its probable that either these sellers will start to hold back some of their shares, or that they will have unloaded fully. The damage done by Jensen is very large and overcoming this damage will take a lot of good news and a degree of patience. Even assuming that the goodies are there and will prove extractable commercially, the repair work to the structure of the shareholding will take time. Regards, Ed

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