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

To: Richard Mazzarella who wrote (11856)	10/20/1999 4:06:00 PM
From: Ed Fishbaine	Read Replies (8) \| Respond to of 14226

Richard Without any proof I am becoming increasingly convinced that the enormous selling is shorting by a group intent on driving the company into bankruptcy for the purpose of acquring it. I spoke with Twiford today and he tells me neither he, nor any other insider knows where the selling is coming from. He also tells me that he is absolutely convinced that with the new process the company will be in a cash flow position as soon as the plant is installed and operating. The plant is being built and has been upgraded in size in order to operate not as a pilot plant but commerically. This plant is expected to be ready in 6-8 weeks he tells me. He refused to tell me anything about the arrangement between GPGI and this company. Now, assume that what Twiford tells me is accurate ( and allowing for all the delays and glitches) and you are a mining company which has become aware of the enormous potential. A mining company knows very well that should these promises turn out to be real, mining will be forever changed in a qualitative way. Metals will be extremely easier to process and their prices will come down allowing multiple new applications. Civilization will benefit but existing mining companies would be driven out of buisiness. In other words GPGI and Maxam, and others are a potential sword of Damocles hanging over the heads of major corporations. What would you do? First of all you deny everything. Second you say why not absorb this company? Then you think, well we¹ll go into the market place and buy up a controlling position. Then you figure you¹ll have to pay an average of $5-$10 a share to accomplish this even if you keep your intentions quiet. Then you say why not drive this company into bankruptcy? Then we go to the CEO and say sell us 50 million shares at .005 cents and we will infuse a large dollop of funds for development plus we will expand and improve your processes etc. The CEO is against the wall and agrees. Then the new outfit does a 50 to1 rollback. Now, even with a big rollback existing shareholders would probably get most of their money back and recent buyers would do very well, but would not achieve the enormous hit we all have dreamt about. If my theory is correct then I will begin buying shares prior to the rollback and starting below 2 cents. Once a reorganization is announced the shares will cease trading. When the regorganization and rollback are completed the shares will open up at a multiple of the rollback number should it be a major mining company which is now in control. Twiford has also assured me, without documenting his belief, that there will be no bankruptcy and reorganization because no matter the share price Global will have the funds to continue until cashn flow begins. If this is true, buying the shares at 2¢ would be the greatest steal of the century. So in either case I am a big buyer below 2¢. It is, of course, terrible that Jensen says nothing. But he is terrified of opening his mouth. The company could request that the SEC look into this pattern of trading to see if there is any violation. But the SEC won¹t do so, especially if it is a well heeled outfit trying to swallow a minnow.