To: Jeff Williams who wrote (4383 ) 12/5/1997 8:55:00 PM From: JACK R. SMITH JR. Read Replies (2) | Respond to of 14226
Jeff, We, of long time are hanging in there!! The time will come when Mr. Jensen will be viewed in a much different light, as well as those who have contributed to the production of the desert sands. Perhaps them more than he. There have been many, many disappointments for me, but I understand that this is a pioneering effort and that many setbacks and disappointments are inherent. My feeling is that they will get a rather small check from the the refiner in the west perhaps 12,000 to 24,000 and then some larger checks from the new refiner. Progress is progress. I have already seen considerable dilution in this stock, but there is value in the dilution. They have acquired the Oro Grande and I consider that very worthy of some dilution. I do not think that there will be very much further dilution. I could be wrong. When and If this thing takes off, I believe that Jensen will split the stock appropriately. One has to realize that Mr. Jensen faces great opposition and great odds. There is much against him. I feel rather well about my position at this point. I hold less than 20,000 shares and get real nervous at the fluctuations as I am heavier in this stock than a rational person should be. I feel real good about the Michael Wendell entity being involved. I think that I know who and where the refiner is, but I will let Mr. Jensen tell you that in his own time. Whatever his name, Mr. Wendell will be a real asset to GPGI and the refiner now, and I am sure many other companies and perhaps individuals later. Lowfat diet and tonight is the exception, KC Strip Steak Night, Dripping with smoky saturated animal fat, Yum, Yum!! Occasional Caveman, Jack