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Gold/Mining/Energy : PLAYFAIR MINING - PLY . V -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (296)	8/16/2001 4:26:33 PM
From: geoffb_si	Read Replies (1) \| Respond to of 505

Tom: Share price could be held down to benefit those that take down the PP. I.e., a lower entry price enhances profits if the stock goes up; not to mention the lower warrant price and potential gains on that. Bob & Claude: good exchanges. Thanks for your thoughts on the decision at hand. I say drill the sucker, if they don't get the deal they're looking for! Geoff

To: loantech who wrote (296)	8/16/2001 7:22:32 PM
From: Brumell	Respond to of 505

Loantech: PP's can be written at a percentage of the closing price for the 10 previous days. I've forgotten the exact percentage (it varies with the price of stock) but I think for a 20 cent stock it's about 75 percent. In other words, PLY might have to do a PP for as little as 15 cents if 10 day previous closing prices have been 20 cents.... which they have. It depends upon what they can negotiate. Under the circumstances, it may be akin to dealing with a loanshark...LOL.