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Gold/Mining/Energy : Primo Resources - PRI.VSE

PII 71.90

-2.3%

Jan 9 4:00 PM EST

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To: gian piero ciambella who wrote (553)	4/5/2000 3:13:00 PM
From: Leigh McBain	Read Replies (1) of 579

The player involved in making a deal happen has an option to take payment in whatever form is acceptable to that party. Toro obviously elected to simply take cash, whereas the others were willing to accept shares. I do not know exactly who Sarah is, but I will find out, it would be quite a stretch to assume she is NOT related to Ken. It is good to see someone close taking shares, although it would have been VERY bad PR for someone really close to Ken to take cash from this cash strapped company. I have spoken with GL and have been told that they have NOT received payment from Primo as of yet and that the due date was 31-Mar-2000 (so Primo was at some juncture, in default, regardless). Primo did NOT become aware that the funds were due via the GL news release, although it does seem to have prompted some form of payment move. Salut, Leigh McBain

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