Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Stephen Adnan who wrote (2934)	11/14/1997 1:03:00 AM
From: Jack Be Quick	Read Replies (1) of 95453

Re: GIFI secondary: Highlight: >>All such shares are to be sold by the Company's principal shareholders, Alden J. Laborde (age 81), and Huey J. Wilson (age 69), for asset diversification and estate planning purposes. If the offering is completed Messrs. Laborde and Wilson will retain approximately 35% in combined ownership. The common shares outstanding will remain at 11,600,000 shares.<< biz.yahoo.com I think the stated reasons, asset diversification and estate planning, are both credible and reasonable. This seems like a responsible and constructive way to go about it. IMO, a positive event for other GIFI shareholders. Regards, John

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