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Gold/Mining/Energy : PLANVEST CAPITAL(CM OLIVER)
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To: Scott Mc who wrote (2)1/7/1997 11:07:00 AM
From: Jay Anderson   of 75
 
Scott,
In the latest Quarterly report the fact that income year over year for the quarter remained at $.05 per share was glossed over by focussing on the six month results. I guess this is just human nature and probably not cause for concern.
On a positive side acquisitions and revenues seem to be forging ahead. As for employee stock options and purchases, I didn't notice anything too outlandish in the 95 Annual Report. I will dig up 96 and have a look there. It is good for employees to have a stake in the company as it provides incentive. Stock incentives can go to far, though; as in the case at Royal Trust, a few years back; when the shareholders ended up footing the bill as the employees couldn't pay back the loans they received to buy stock which had plummeted in value.
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