GEAC.....Canadian best kept secret Message Board

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Gold/Mining/Energy : GEAC.....Canadian best kept secret

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To: Herb Duncan who wrote ()	7/13/1999 5:34:00 PM
From: PlayTheKing	of 1571

One time charge to create a loss...sounds like a bath to me!! Yahoo finance indicates an estimate of $2.48 for the year-end. If so, then they came well above that figure with $2.60/share had the one-time charges not been recorded. Bottom line...I think that they are writing things off to make for a better 1st quarter. I always hated intangible assets on company books...it doesn't add "value". Another interesting point to note...to list on NASDAQ certain intangibles must be written off as it is not accepted. I need to re-read the press release to see what exactly was written off. PlayTheKing

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