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Gold/Mining/Energy : Global Platinum & Gold (GPGI) -- Ignore unavailable to you. Want to Upgrade?

To: Richard Mazzarella who wrote (11693)	10/12/1999 2:38:00 PM
From: richard badauskas	Read Replies (1) \| Respond to of 14226

I post on this site once a year, just for fun. I conclude that nothing has happened in the last year other than a dramatic reduction in the value of entity (cannot really call it a business as nothing of value has been produced and sold). Will come back next October for my next comment.

To: Richard Mazzarella who wrote (11693)	10/12/1999 3:31:00 PM
From: Scott Wheeler	Respond to of 14226

Richard, thanks for the definition. I agree with your assessment that proof of process will encourage (I assume you mean private) funding. However, it should also motivate fund managers to buy blocks and sector analysts to recommend, etc. These things will build on each other, so that if share price gets healthy enough, dilution should be moderate (because less of the company will have to be shared with the new money). And so this gives me another opportunity to mutter my old exhortative mantra directed to the BOD: "Issue options for shareholders of record. They are your best source of new funding, because they have already done their homework (don't need lengthy introductions), they were here first and have been around a long time (loyalty should be rewarded), you will raise money internally, thus effectively avoiding (the perpetration and criticism of) dilution, and you will have unified the shareholders by allowing them to participate directly in the business plan and action for success." Such options (or "warrants" if you prefer) can be written with great flexibility as to exercise date, price and so on, and can even have plenty of corrective language with "ifs" and "whens" to trim the sails appropriately as the course, currents and weather change. sea legs Scott