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Gold/Mining/Energy : Repap (RPAPF)
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To: eyewatch who wrote (428)6/15/1999 8:42:00 AM
From: pthomaso   of 485
 
Very good development. Repap needs a new Board, and new management, that will put the health of the enterprise first and their take at the trough second, after the recovery, IMO.
That includes Larson, who cut his "sure thing" take earlier but misestimated the strike price by a factor of three. If and when this tottering giant ever gets up to 15 cents there will be a Larson-created 40,000,000 share pool to drain off that all of us will pay for. And note that the share price was well ABOVE that number when he gnawed off his chunk of lumber.
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