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

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To: Ed Fishbaine who wrote (7801)10/6/1998 9:17:00 PM
From: Larry Brubaker  Read Replies (2) of 14226
 
<<What I mean by limited transparency is that the company does not issue clarifying statements to shareholders about what is happening. There is severe deficiency in accurate communication with shareholders and along with the problems there is probably positive news. They do not know how to tell the story and this has IMO a lot to do with the share price erosion.>>

Ed: The company certainly was more successful in raising its stock price under the previous PR arrangement.

However, I would not blame the adequacy of their current PR for the share price erosion. I would blame the share price erosion on the failure of the company to live up to any of its many cries of "Wolf" over the last several years.

You can only cry wolf a certain number of times before the cry goes unheard.

You need only go to the web site to see the promises of imminent production as early as 1995. And at that time, the promise of imminent production involved 8 opt of goodies. They are still promising imminent production, but now the promise involves <1opt, and even that number seems optimistic given the latest production failure.

So I don't see the current share price erosion as a PR failure. I see it as a creibility failure.
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