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Gold/Mining/Energy : GMD RESOURCE

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To: Rick Seavey who wrote (432)	1/24/1998 7:45:00 PM
From: Rick Seavey	Read Replies (2) of 1030

Sorry to say that I made a big mistake in my post #432 on Nov, 15. It now appears that we are dealing with crooks who blatantly violate exchange rules as well as British Columbian and Canadian Law and dare you to do anything about it. Although contrary to what Phineas T. Barnum said, I find it hard to believe that there is sucker out there who would participate in any future GMD financing scheme. This should leave the company with no money for development of their properties no matter how good they may be. Futhermore, a company that would pull what this company has done would have no hesitation in inflating or outright lying about any so-called proven reserve calculations that may or may not be in the offing. In addition, we now have to doubt the validity of what is being claimed for the Royce property. It could very well be a hoax if the current revelation about management is any indication. I predict, like rats leaving the ship, that a few resignations are now in the offing not because of guilt but because those stock options are now worthless. Good Night, Don.

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