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Gold/Mining/Energy : Golden Triangle Ind., A Golden Opportunity? GTII
GTII 0.0200+66.7%Jan 9 9:30 AM EST

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To: Jeffrey L. Henken who wrote (35)4/5/1999 6:47:00 PM
From: Bill Fortune III   of 44
 
Jeff, here is something I was unaware of, INSIDER OWNERSHIP OF GTII as of the following report is
just about 90%.

OWENS, KENNETH, 36.01%
POLSTON, DAVID, 36.98%
POLSTON, BETTY, 5.34%
***
TYPE DATE(Q,M) OWNERS CHANGE (000S) HELD %OWN
INVEST. COS. 06/30/98(Q) 0 0 0.00
INSTITUTIONS 06/30/98(Q) 3 0 2 0.38
5% OWNERS 09/30/98(M) 4 NA 562 96.60
INSIDERS 06/30/98(M) 8 NA 520 89.40

Now correct me if I am wrong here:

With 602,000 shares outstanding that leaves only about 63,000 to 64,000 shares available?
AND
With 300,000 shares in float that leaves about 31,800 shares available for overall trading?
If I am correct on the float here, Hell I own 3.15% of the float with only 1,000 shares!!!!!

Jeff, is this correct or where am I wrong?

Regards,

Bill Fortune III
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