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Gold/Mining/Energy : Global Platinum & Gold (GPGI)

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To: Dan Risner who wrote (7749)	10/2/1998 10:59:00 PM
From: Bob Walsh	Read Replies (1) of 14226

Dan, yes Paul Skinner was hired to move GPGI from it's R&D state to a production state. I am unsure whether he was reporting to Jensen or to Wayne Palmer (who sort of reports to Jensen). Perhaps Skinner was the wrong man for the job. Perhaps politics or egos got in the way. Perhaps Jensen gave mixed signals or flipped flopped. I do not know where or if Skinner fits in now. GPGI has been and is a Mom and Pop operation (unlike IPM who had many "professional" people on their staff) since that is the only way they could survive. The couldn't afford to hire many people or consultants - they would be out of business or they would have diluted the stock by a huge amount. Once they are in a ongoing production state and have a positive cash flow then they will have to change their management structure. McKay may be a transitional step. Regards, Bob

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