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Gold/Mining/Energy : Golden Hemlock(GHE)

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To: Robert Dydo who wrote (403)9/8/1997 11:45:00 PM
From: Hugh M.   of 909
 
OFF TOPIC - 2

In the course of doing my DD for GHE, I discovered insiders had options @1.05 and 1.07. Now, I did not base my investment solely on where the options were priced, but it was a variable. When I did purchase my original position at 25% less than what the options were priced at, I was confident the co.'s management was confident in the property. As well, I was confident that the promo/IR team for GHE would be able to move the price beyond their option price so that they would be in the money. I waited. After recently averaging, I am now not so confident that ghe WON'T reprice their options. If they did, then I would be pissed because then I would feel as if I/you have been had. By repricing the options at cheaper prices, the insiders will reap greater profits on the next runup, while I will still be holding my more expensive shares.

Hugh

Conclusion to follow
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