Colossal Resources - CLPZF - Colbalt in Zambia Message Board

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Gold/Mining/Energy : Colossal Resources - CLPZF - Colbalt in Zambia

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To: kfdkfd who wrote (193)	4/22/1997 10:41:00 AM
From: Tom McIlwain	of 501

Kevin: <<"Select paid quite a bit more than $2 for their stock, so who is selling at these levels who still has a profit? ">> The Guru just doesn't seem to "get it" with this one. The way the debenture financing is structured, a profit is guaranteed no matter what price the debenture sellers convert/sell at! They could get the same profit at a share price of $0.10 as they do now because they would be converting at $0.08 and selling at $0.10 which is still 25% profit! Do you know where the information that they were 90 days late in their filing to the SEC came from? I question the accuracy of that. Tom McIlwain

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