Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?

To: Cytotekk who wrote (29904)	11/19/2002 12:40:34 AM
From: Jim Bishop	Read Replies (1) \| Respond to of 34075

"For as long as the Convertible Debenture is outstanding, GEII and its subsidiaries are prohibited from incurring any future indebtedness which is senior in any respect to the Convertible Debenture. This provision will require that GEII obtains Mr. Pfeffer's consent prior to incurring any secured indebtedness in the United States or in its Bolivian operations." "Should an event of default occur that GEII fails to remedy in a timely manner, the Convertible Debenture gives Mr. Pfeffer the right to accelerate the entire indebtedness." "In his Schedule 13D, Mr. Pfeffer went on to state that, notwithstanding his representations in paragraphs (a) through (j), above, he may determine to change his investment intent with respect to GEII at any time in the future. Mr. Pfeffer stated that he intends to vote his shares of Common Stock as he deems appropriate from time-to-time."