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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: aerosappy who wrote (12869)	9/12/2002 8:21:39 PM
From: jim_p	Read Replies (2) \| Respond to of 206323

aero, On the upcoming PeeGoo meeting, I plan to vote YES for the new board. On the issue of the increase in the number of shares, I'm leaning on voting NO unless we can get a better idea of what the increase in shares will be used for prior to the meeting. Issuing more shares at today's prices will do nothing to help the company or it's current shareholders. In the event there is a need to issue warrants to get the banks to restructure, there are plenty of shares available for that purpose today without an increase. I don't see any reason why Moe can't disclose what he intends to do with the new shares before we vote for the increase? I also don't see any reason why he can't come back at a later date after there is a plan in place and ask for the increase. I would encourage all PeeGoo holders to make sure they get their proxy before the meeting and vote NO for the increase in the number of shares. As the fifth largest shareholder group, our votes will make a difference. Jim