To: JACK R. SMITH JR. who wrote (4741 ) 1/14/1998 3:30:00 PM From: J.E.Currie Read Replies (2) | Respond to of 14226
Subject: global Date: Wed, 14 Jan 1998 15:15:54 -0400 From: Ed Fishbaine <ed5226@idt.net> Reply-To: ed5226@idt.net To: jim Currie <jcurrie2@bellsouth.net> Dear Jim, As you have been informed, Mr.Dennis DeNoble will be taking over much of the financial, market and public relationsr functions for Global on February 1. He will be a welcome addition to the Global team and will allow Dick Jensen to focus on critical matters for the company. With DeNoble coming on as a full time employee I will be leaving Global as a public relations consultant. It has been an exciting year and a half for me and I have seen the company make great strides during this time. It must be remembered that developing the microclusters of the desert sands into a commercial enterprise is something that has been attempted by many public and a myriad of private companies for the past 25 years. No person or company has succeeded in accomplishing this feat other than Global. As the acorn becomes the mighty oak so are the small checks, recently received from Engelhard and Auric for platinum, palladium, rhodium and gold, the harbinger of great things to come. I know I am being redundant when I tell you that it would be difficult to exaggerate the significance of this event, because it means that Global has proven it can produce precious metals from desert sands. And while small shipments are only modestly profitable, as they increase in size profitability will increase exponentially. This is because Global1s ore is so remarkably rich that costs become a small fraction of sales. In years to come children of today will look back at 1998 as the turning point in civilization when the mining of metals from the desert (not only precious metals) began. There will be a major reduction in the price of metals and a consequent expansion of their applications which will become a major benefit to the world. Not the least of these benefits will be improvement of the environment and the development of fuel cells which will reduce our dependency on imported oil. The development of metals from the desert sands represents a new paradigm in the mining of metals This kind of paradigm shift does not happen quickly. For those shareholders who have lost patience and sold their shares at current prices we have great sympathy. Just as the light at the end of the tunnel is appearing its unfortunate that they will not participate in the extraordinary rewards which will accrue to patient shareholders. While I will no longer be representing the company I will be following developments closely and will continue to add to my position when the share price becomes irrationally depressed. With great expectations for Global Ed Fishbaine Ed, When I say "thanks", I mean it!!!! Jim