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Gold/Mining/Energy : Global Election Systems, GSM.TSE ,explosive growth, low PE
GSM 4.970-0.5%3:59 PM EST

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To: MatthewZ who wrote (302)1/8/1999 12:37:00 PM
From: Ciao  Read Replies (1) of 333
 
Matthew, as you said, HVP gets a nice job. GSM shareholders get burned. Market reaction reflects the sentiment. BTW if GSM shareholders did not pummel the stock to $2 level, just before Q1 results were released, I'm sure the takeover price would have been higher. Negotiations were probably taking place when the stock was trading just above $2.

The stock traded as low as $3.14 today, at least a $1 discount to takeover price. We need a white knight.
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