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


To: Bob Walsh who wrote (11958)10/23/1999 11:22:00 AM
From: Chuca Marsh  Respond to of 14226
 
<<..But then Jensen and Twiford brought in a new unidentified company with a new process - AND YOU, the doubter of all doubters, rebought GPGI. That should have caused the share price to increase considerable (VBG), but it went further down.

If long term holders are dumping now I do not understand it since the risk/reward ratio is great and the present return would be so low - why bother selling. I could certainly see recent purchasers dumping, ie. those brought in by Chelakas.

..>>
Taht is the key....a need or money and Ron's old info on shares for contractors/employees is also since others ( ie Maxam ) had declarred paying contractors with shares! In the past. Money raising is the reason, by whom...I don't know. Shorts is not the reason ...IMHO, now.
Chucka



To: Bob Walsh who wrote (11958)10/23/1999 11:26:00 AM
From: Richard Mazzarella  Read Replies (3) | Respond to of 14226
 
Bob, if there has been any thing that Tim Hall has taught us it's: "follow the money". Let's follow the money:

1. Would long term holders for this stock dump now? Probably not since the price is too low, selling for tax loss in 1999 doesn't have to be done until the end of December.

2. Is the stock being shorted? Probably not since shorting at current price is very risky, even stupid IMO.

3. Is the stock being driven into the ground to force financial collapse of the company. Probably not since the company reports they have enough funding to start their own cash flow.

4. Is the stock being sold by those expecting a reverse split on merger? Probably not since speculation on improved financial health sometimes increases shareprice. Also, Global says it will have cash flow soon and doesn't need anything from anyone else.

5. Is there a floorless convert. Probably not since Ed says that Global has no debt.

So where is the selling coming from? Follow the money has me suspect only one source, one that has in the past used stock selling for cash to fund operations, the company. Where is the $150k to build the plant coming from? Ed says that Jensen always manages to find the cash necessary, YES, from selling company stock. Follow the money? IT'S GLOBAL DOING THE SELLING. I would be very happy know that for a fact. Mr. Jensen, how about the facts?

Bob, or anyone, do you have any other possibilities?