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Gold/Mining/Energy : GEAC - A New Era? -- Ignore unavailable to you. Want to Upgrade?

To: Sultan who wrote (314)	10/5/2005 9:57:23 AM
From: Ally	Read Replies (2) \| Respond to of 330

I'm very disappointed with management for selling the Interealty stake for mere $0.40 per share. Two years ago Interealty was appraised at $1.80 per share. So why did Management sell for peanuts? Seems to me, my carcass thesis is evolving into reality. I think management is under the gun from U.S. Big Brother to liquidate this company at below fair value.... yet another case of a Canadian company being bullied. I may be wrong, but I think the CEO is an American. I'm now quite pessimmistic that we'll get a fair price for the whole company. Geac reminds me of International Verifact... Anyone recall this Canadian manufacturer of Interac terminals was slowly made demised by management for a cheap sale to a foreign interest? To me, the sale of Interealty is emitting the same foul odour.