Unknown whether company out of cash or vision.News release dated June 10/98 informs shareholders that GDB will pay Pegasus U.S. $ 80,981 to retire a U.S.$1.million convertible note and mentions 2,102,784 GDB shares held by Pegasus.You would have to look into GDB/Pegasus historical relationship to get background.As to vision,company appears to want to stay in business, that is why rollback,increase of authorized capital to 100,000,000 common shares on post-consolidated basis, authority to Company to complete private placements of up to 20,000,000 post-consolidated shares, and to change name to GRL Resources Ltd.
CEO of GDB is Mark A Wilson out of Denver ,CO and valid 800 number is 800 7381746.While recent shareholders have not done well, was most impressed with deportment and dress of company officials at May special meeting.Unfortunately, I could not afford to compete as I had paid a bundle for my shares and you can't buy Rolexes with grossly devalued paper. Brgds |
