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

To: Joe Gun who wrote (956)	9/1/1999 7:27:00 PM
From: Joe Gun	Read Replies (1) \| Respond to of 1005

The real Intent of the lawsuit can only be one of the two following scenarios: 1. The banks did the acts the lawsuit refers to a month ago, since then discussions with banks and bondholders have taken place with no resolution. The lawsuit was intended to spur on the banks in the negotations that have stalled out. 2. The current banks are going to be replaced with new bank financing that when the bondholders swap for equity. The lawsuit was filed with intention of recouping damages at a later point in time. Note the lawsuit could take years to settle, so the no hope this will solve Greenstone immediate problems. Note the 3 major players involved in the Greenstone situation in ascending order of mental ability: 1. Greenstone (Proven little mental ability) 1. Banks (Noted for limited mental ability) 2. Bondholders (Represented junk bond fund "smartest") It may well be the bondholders are behind the lawsuit, Greenstone management has only proven that they don't get anything done. For example the is no press release or comment from the company on the lawsuit yet.