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Gold/Mining/Energy : LGS Group Inc. Y/2000
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To: BM who wrote (87)1/10/1998 3:11:00 PM
From: Le Requin des Bois  Read Replies (1) of 169
 
This private placement is a scandal. EFO is buying into the company at 85% (12.25/14.45) of then-current price, + they are getting a free on-the-money 5 year-option on a high-growth stock. This is a ripoff for all shareholders.

If LGS needed cash, why did they not offer the same deal to all shareholders?

I intend to make my views known to management. Any supporters?
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