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Gold/Mining/Energy : Global Platinum & Gold (GPGI)

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To: Scott Wheeler who wrote (9860)3/23/1999 10:18:00 PM
From: JACK R. SMITH JR.  Read Replies (1) of 14226
 
Scott, and all here:

Today is an important date because it represents a company statement from the past representing a deadline for decision.

I will not review the bidding here.

In my humble view, it is important that past announcements and projections be realized and if they cannot be realized, then there needs to be logical and broadly understandable and acceptable explanation.

In a nutshell, just simple, forthright, and honest communication!

I, here have warned Mr. McKay publicly against "Pie in the Sky" predictions which may prove to be troublesome in the execution. That is a matter of public record. I have also reminded him that such predictions are not necessary to maintain investor participation in this company. He has insisted on his approach, therefore--He must produce, period!

If there is a deadline missed, then we must request comment from him and a plausable explanation.

Simple as that.

I will herewith refrain from any comment re Jensen, Twiford, and Palmer.

I will make no further comment re the PR functions relegated to Mr. DeNoble.

I will simply remind all that there is a corporate responsibility to duly represent the loyal shareholders in a feduciary mode and that any further attempts at "nest feathering" will be viewed with more than simple disdain as they appear to have been accepted here. I have held myself in "legal restraint" here waiting and hoping for an acceptable remedy. That could appear as a change in corporate attitude and philosophy which produces an immediate and present attitude of attention to shareholder value and an attitude of honest and forthright communication with current and prospective shareholders. If I do not see that, then I may be forced to take other action.

Simple as that, Jack!
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