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Gold/Mining/Energy : Colossal Resources - CLPZF - Colbalt in Zambia
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To: Thomas J. Benthall who wrote (202)4/22/1997 5:30:00 PM
From: Francis Scavo   of 501
 
Thomas
<So, as I see it, nothing has changed fundamentally for the worst since
the financing. So why not $8/sh. I felt it was worth it then.>
The only other thing that has changed would be the number of shares. Each time they redeam a $100,000 deb. they get an amount of shares that equal's $100,000. As the price goes down, more shares per dollar which they turn around and sell. Colossal has about 6mil. now and could have after it's all done 12mil?
Francis
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