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Gold/Mining/Energy : GEAC.....Canadian best kept secret -- Ignore unavailable to you. Want to Upgrade?

To: micromike who wrote (1517)	2/1/2001 10:02:21 PM
From: Ally	Respond to of 1571

Mike: This is good news! Within a month, the company could come up with another $12 million cash to pay back more of the loan. It shows that cash is flowing in from contract renewals. The $48 million balance is peanuts. I figured in December that the new CEO was playing hard ball with the lenders in negotiating new financing terms. He wasn't going to simply roll over with the bankers' demands. You right... the stock price going up substantially before this news release would indicate that some people already knew about this news. I bought another batch yesterday (indicated on my thread) at $3.50. I think this baby is gonna live! Let's see what happens tomorrow morning when the stock opens.

To: micromike who wrote (1517)	2/1/2001 10:27:59 PM
From: Ally	Read Replies (1) \| Respond to of 1571

Another possibility Mike is that there are negotiations going on and possibly a deal to sell all of Geac would happen before Feb 15th. If a deal is already in the works for selling the company, there would be no need for the line-of-credit. I hope that the company is not sold lock stock and barrel. Wouldn't fetch a good price when the stock is worth $3.50. Also, most all of the buy and hold faithful investors would lose money if the company is sold at this time. I doubt it. I think the new CEO would try and figure out ways on how to clean up the company and carry on. If he sells the company now, most likely he'll be out of work again. It'd be to his advantage to keep the company, get lots of cheap options given to him for the "good work done" and become rich. We'd be amazed how "Richard Hatch like" managers can be when it boils down to looking after themselves.