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Gold/Mining/Energy : Winspear Resources

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To: marcos who wrote (16324)3/21/1999 11:28:00 PM
From: Clifford A. Brown  Read Replies (1) of 26850
 
Lilian,

Why are you overcomplicating the simple mathematics of the restructuring?

IF YOU OWN 1% OF WSP BEFORE THE RESTRUCTURING, THEN AFTER THE RESTRUCTURING, YOU OWN 1% OF WSP SR. AND 1% OF WSP JR.

I must confess I am suspicious of your motives. I see from your profile that you have 14 years of experience. How you can conclude this arrangement is a 'swindle' by WSP management?

Further, RT needs shareholder approval of the restructuring. He is not so stupid as to propose an deal that would provoke shareholder rebellion.

CAB
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