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Gold/Mining/Energy : GMD RESOURCE
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To: VAUGHN who wrote (626)2/12/1998 2:37:00 AM
From: Cal Powers  Read Replies (2) of 1030
 
Vaughan,

I wonder when the first shareholders' legal action will be launched against Farrell and his deposed directors? Seems to me that there should be quite a lot of investors who were hurt when certain directors and Farrell didn't exercise their fiduciary duties to ensure that GMD operated in a proper businesslike manner. There's always a large risk of losing your shirt betting on juniors, but when managment is your worst enemy, the risk is probably a 100% guaranteed to happen. I will be watching with interest to see how this tale unfolds. Cal.
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