Gran Columbia GRM-tse, certainly a nice chart
canada.bigcharts.com, and interesting news release,
GRM. (TSE)
Attention Business Editors:
Gran Colombia considering internet investment
TORONTO, April 23 /CNW/ - Gran Colombia Resources Inc. (''GCR'')
announced today that it is continuing to investigate the best opportunities
available to increase shareholder value, and has recently also been offered a
number of investments in the internet/e-commerce sector. Although GCR is in
the process of evaluating a number of these opportunities, it has reached no
agreement or decision to make an investment, and management felt that this
announcement was necessary in light of recent increased speculation in GCR's
shares.
Even though GCR is contemplating the possibility of an investment in some
form of internet/e-commerce business, there can be no assurance that such an
investment will actually be made.
NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY
HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.
For further information: Mauro Coppola, President & CEO - or - Peter
Volk, Corporate Secretary, Gran Colombia Resources Inc., 1 Dundas Street West,
Suite 2500, Toronto, Ontario, M5G 1Z3, Tel: (416) 955-4554, Fax:
(416) 955-1206
So with about $11 million dollars in the treasury, these guys can be pretty choosy about what they get into, and also can get themselves into something of good significance. Like these guys have more money in the treasury than some of those NASDAQ Internet hotdogs. And apparently they have no debt. So some snappy Internet/software caper looking for a cashedup jv could make a pretty good marriage.
Don't know who their suitors lining up are, nor who thier business manager is, but there are probably consultants who one can call to get this going.
Stay tuned I guess, may take some time, depending on who and what Internet projects come into play. Could be big, could be monstrous, could be average, could take time, then again, could come together pretty quickly. Looks like the Internet isn't going away and all the Internet stuff on the NASDAQ bounced back again last week.
Do your own dilly dally doo, but with da cashola in the bank these guys got, nice liquidity in the stock could be in fer some fun. |
