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


To: Richard Mazzarella who wrote (12007)10/25/1999 10:46:00 AM
From: Bruce A. Thompson  Read Replies (2) | Respond to of 14226
 
The selling seems to have stopped. Looks like jensen got his 150K. Sure cost Gippy holders a lot more than that for him to do it.(sic)

BT



To: Richard Mazzarella who wrote (12007)10/25/1999 12:09:00 PM
From: Ed Fishbaine  Read Replies (1) | Respond to of 14226
 
Richard

I seriously doubt that there is any routine type shorting going on at this level. And anyone who shorts on the belief that a new process would absolutely fail is foolish. All original major holders who have not already sold are not selling at this level, with possibly some exceptions for end year tax loss purposes. But this could not account for the volume.

The alternative to your theory is that there is a cabal intent upon taking over this company by driving it into a deal where they will acquire a controlling block of shares and then reverse split.

The interesting part of this whole situation is that there are, in all probability, only these two possibilities. And we will know which it is by the price action over the near term. Should the price fall to below 2 cents then it is my theory which is most probable. But then the next question becomes will Jensen be forced into a capitulation or not. Conceivably he will not and the question of whether or nor not there can be production will play out.

Regards, Ed