Golden Eagle Int. (MYNG) Message Board

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Gold/Mining/Energy : Golden Eagle Int. (MYNG)

MYNG 0.0700

+5.7%

Feb 21 4:00 PM EST

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To: john who wrote (14480)	11/2/1998 8:34:00 AM
From: Kool Guy	Read Replies (1) of 34075

John, I' reading your post again and you raise some interesting questions about how GE is paying BD, Guido, the mine workers, etc. You imply that these people are being paid with options, stocks or take home gold. Without seeing the financial statements, why is it so impossible that these people are being paid by GE's cash reserves? Is it because GE isn't making a profit? A company can still have cash reserves and show a loss. All that is required is someone willing to make a loan to GE. We all keep hearing about the "Erickson Family Trust" or whatever it's called, and how they already own so many shares of GE. They have a major stake in this company. I would think they would be willing to loan GE some cash (at a reasonable rate of interest) to make this thing work rather than receiving more shares in the company. Kool Guy

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