Greenstone Resources GRE.T or GRERF OTC Message Board

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Gold/Mining/Energy : Greenstone Resources GRE.T or GRERF OTC

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To: goldbug who wrote (982)	10/7/1999 8:19:00 AM
From: Joe Gun	Read Replies (1) of 1005

Update on Greenstone..... - Progress is being made on the restructuring but I don't expect a finalized plan until the end of October. - The increase in the gold price makes all stakeholders values increase, including the common stock. - The still is going to be massive dillution on the restructuring which limit the upside on the common. Because of this there is no chance of $.50 to $.75US. There is a chance of at most $ .30 to $.40 US. - There will be new equity investment in the company to resolve the working capital deficit as part of the restructuring, which will also be dillutive.

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