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Gold/Mining/Energy : Global Platinum & Gold (GPGI)
GPGI 24.70-1.2%3:59 PM EST
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To: Richard Mazzarella who wrote (11951)10/23/1999 10:04:00 AM
From: Bob Walsh  Read Replies (2) of 14226
 
Your theories are getting a bit wild aren't they. Any dillution of the stock by selling huge amounts of stock (which would be necessary at current prices) would hurt Jensen, Sonny, Twiford, etc. Twiford's comment to Ed was: "Twiford has also assured me, without documenting his belief, that there will be no bankruptcy and reorganization because no matter the share price Global will have the funds to continue until cash flow begins." You have twisted the comment. Twiford said no matter what the price. Since this could mean $0.01 or $0.005,etc. then your theory would mean that Jensen, et al do not care if their holdings are considerably dilluted. The same argument holds for your floorless theory. This is rather foolish (are you suffering another senior moment - VBG).

I would look at Twiford's comment another way: Perhaps GPGI/Jensen has enough cash to carry them through to the point where production yields a sufficient cash flow. This would mean that they have no need to sell shares to fund operations and the new plant.

I have only had one concern regarding the drastic drop in share price - dillution could be huge to keep them going if they had to sell shares to raise money. Twiford's comment appears to say that that need not be a concern.

Regards,
Bob
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