L S Capital / Griffin Gold (OTC:BB CHIP) Message Board

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Gold/Mining/Energy : L S Capital / Griffin Gold (OTC:BB CHIP)

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To: ges turner who wrote (3217)	2/12/1999 7:07:00 PM
From: W.F. Schwertley	Read Replies (1) of 3594

ges, According to CHIP's May 14, '98 press release; "LS Capital provided operating guidance, high value-added management involvement, and a small amount of capital to JVWeb. The spin off will transfer to the stockholders of LS Capital a portion of LS Capital's stock ownership in JVWeb. In this manner, stockholders of LS Capital will participate directly in any success that is achieved by JVWeb. After JVWeb becomes public, LS Capital will retain an ownership position in JVWeb." We know that the 'small amount of capital' was 5k. But I don't believe we know what 'ownership' of JVWB currently means. WFS

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