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Gold/Mining/Energy : KASTEN CHASE APPLIED RESEARCH.

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To: Crusader who wrote (950)	8/20/1999 3:20:00 PM
From: Ichy Smith	Read Replies (1) of 1247

Crusader said: "Ruby, I must be missing something here. Where does it say that Springboard will be sold off? Are we making assumptions here?" Paul Hyde said: "These technologies represent an enormous long-term opportunity over the coming years and will require additional investment to fully capitalize on the current success. Launching Springboard as an independent, self-funding entity allows us to maximize the value of the international interest and reputation that these high-profile projects have afforded us. In addition, it provides the structure to include strong financial and industry partners in the funding of Springboard's future growth." If this requires additional funding, and we are going to include strong financial and industry partners in the funding, what do you think we will have to give them in order to get their money? Obviously they don't want part of Kasten Chase, so we will give them Springboard stock..... If you are in doubt ask Kasten Chase, if they will be diluting our ownership of Springboard.......

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