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Gold/Mining/Energy : Greenstone Resources GRE.T or GRERF OTC -- Ignore unavailable to you. Want to Upgrade?

To: Baba 2 who wrote (940)	8/3/1999 10:26:00 AM
From: richard badauskas	Respond to of 1005

Story about restructuring in the Globe. Does anyone have a copy? please post

To: Baba 2 who wrote (940)	8/3/1999 1:10:00 PM
From: Joe Gun	Respond to of 1005

Sell the stock now!! The stock is last 16 cents up 2 cents (gold is up 1 dollar). It should have been no surprise that Greenstone had to restructure. I would be a seller right now of the stock, buy back after the restructuring. I have never seen a restructuring (debt for equity) where the stock goes up.

To: Baba 2 who wrote (940)	8/5/1999 9:07:00 AM
From: Joe Gun	Read Replies (1) \| Respond to of 1005

Greenstone Update....... I have had a discussion with an institutional money manager and found out some new information: 1. Nesbitt is not retained in any capacity by Greenstone. 2. Greenstone hopes to have a final restructuring plan out within a month. 3. Greenstone will raise 15 to 20 million US in conjunction with the restructuring. 4. The common shareholders will probably get what the stock is trading for now plus or minus 5 cents. 5. The common shareholders will get to vote on the restructuring (I had previously reported this wrong), but will have to accept it because the liquidation of the company (the only other alternative) they will get zero. 6. The company with the restructuring and new equity deal will have a solid balance sheet. The company at that point will either find a new CEO or be sold (these alternatives each have an equal chance).