Exall Resources/Glimmer Resources Message Board

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Gold/Mining/Energy : Exall Resources/Glimmer Resources

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To: James N. Wilson who wrote (732)	12/14/1998 7:45:00 AM
From: Winzer	Read Replies (2) of 1319

James, Thought I should post the latest NR. I guess it is a sign that either GME is in an excellent position (as per your response to CLK) or a deal is to be announced soon. Since there have apparently been no discussions lately we can only assume that George Kent's investment of ~$225,000 in his retirement is not with money he is prepared to lose. So I would see this at a positive sign; especially when it was done at ~$0.20 above the market price. Usually with cheap options they are exercised, the stock is then sold and the bank repaid from the proceeds. In this case we have an interesting(positive?) slant. I see EXL putting up some resistance during this time of Tax loss Selling yet another good sign? Or the blood letting is not over yet? Any comments? Cheers Winzer <NR> Director exercises options Glimmer Resources Inc GME Shares issued 6,028,962 Dec 10 close $0.86 Fri 11 Dec 98 News Release Mr. Richard McCloskey reports Effective Nov. 27, 1998, George Kent, director of the company has exercised his option on 210,000 shares at $1.07 per share. Mr. Kent has no further outstanding options. There are stock options currently outstanding to purchase a total of 350,000 shares. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

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