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Gold/Mining/Energy : GEAC.....Canadian best kept secret

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To: john.d who wrote (1444)10/2/2000 5:15:35 PM
From: micromike  Read Replies (1) of 1571
 
Geac president, CEO Douglas Bergeron quits, chairman steps in
canoe.ca
Shareholders asked why the company was so slow to spin off Interealty.com, a Houston-based subsidiary that supplies information to real-estate agents. They also asked why Geac hadn't pursued a listing on an American exchange to boost its profile in the United States.

In both cases, Bergeron answered that the time was not right.


Well from my first take on it. It sure looks like the board wants to sell part or all of the company. To accomplish this they had to get ride of Bergeron. Now the million dollar question is. With Bergeron gone how weak of a deal are they going to make.

JMHO
Mike
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