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Gold/Mining/Energy : Global Thermoelectric - SOFC Fuel cells (GLE:TSE) -- Ignore unavailable to you. Want to Upgrade?

To: DuckMucker who wrote (2753)	7/23/1999 12:20:00 AM
From: PlayTheKing	Read Replies (1) \| Respond to of 6016

Agreed. I, too, believe that the street will only begin to buy in AFTER there is a firm commitment from Delphi. GLE is too "speculative" for most institutional investors at this stage. They need to see more "concrete" information before they dust off their wallets. IMO, the information they are after is slowly being released and today was just one of the positive news to reinforce the fact that GLE is for real!! PlayTheKing

To: DuckMucker who wrote (2753)	7/23/1999 9:01:00 AM
From: Grant MacMillan	Read Replies (2) \| Respond to of 6016

I expected this announcement to generate more media interest. There was a small blurb in the Globe this morning, and I didn't hear anything on the radio last night or this morning. I suspect while the stock performed well, the price increase was not large enough to raise the eyebrows of the business reporters. I expected more from retail buyers this morning, but we will see. At this time there doesn't seem to be a tremendous amount of buying pressure. GM

To: DuckMucker who wrote (2753)	7/23/1999 12:12:00 PM
From: Ulster1	Read Replies (1) \| Respond to of 6016

Hey Duck, You make some good points. I would not expect see serious institutional buying until there is a split. There is not enough liquidity with this one yet. With only 20 Mil+ outstanding, the float is quite tight, and for a fund manager to take a serious position would mean his first share bought and his last share bought would be at quite different prices (which they usually do not care for). This can only be avoided by either crossing a large block to the manager (this means finding a willing seller at these levels with a large block)....OR by creating more turnover in the market by increasing the float. Any thoughts? U1