KOB.TO - East Lost Hills & GSJB joint venture Message Board

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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture

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To: ogod who wrote (2637)	5/20/1999 10:52:00 AM
From: Salt'n'Peppa	Read Replies (1) of 15703

ogod, there is another benefit, which is apparent from reading comments on this thread. The president of KOB, Graeme Robinson, owns 4.2 million shares himself, so under this structuring he is entitled to around half a million of these discounted shares. This is probably as much as he would have bought had it been a regular PP. The added benefit, besides the ones you mentioned, is that it is a great public relations move. KOB looks like a shining hero, a people's company, one that has compassion for it's shareholders. I must admit that when I met Mr. Robinson in March, he seemed a very warm and personable fellow (or was that the beer talking? ggg). Rick.

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