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Gold/Mining/Energy : Derlan (T.DRL)
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To: Herb Duncan who wrote (68)4/18/1998 5:34:00 PM
From: edward harris  Read Replies (1) of 319
 
Derlan should have used approx. 3 m of working capital to buy back the remaining Preferred A stock instead of issuing the 300K + shares which will only depress the stock for the next several weeks. My next question is ,how long will the the mutal fund managers tolerate this type of action by senior management.

Thanks
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