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.

Non-Tech : Sungold Gaming International (SGGNF) -- Ignore unavailable to you. Want to Upgrade?

To: John Lawrence who wrote (1857)	2/26/1998 6:20:00 PM
From: TMAZZ	Read Replies (1) \| Respond to of 5164

Hi John! Wouldn't it make sense if Sungold annouced that its Board of Directors has unanimously authorized corporate management to initiate a buy-back of up to 1 Million shares of common stock through a Repurchase Program. The buy-back of the Company's common stock would reduce the public float, and would equal nearly 10% of the total outstanding shares. This would give a strong indication of the Company's confidence in the current growth-through-its projects. Also the company would be able to take advantage of the greatly under-valued market price of Sungold shares. This would allow Sungold to sharply increase their financial strength as the projects come to term and hopefully advance SGGNF on to the Nasdaq small capital stock. If the company were to look at their projected growth for 1998, this re-purchase of common stock would be a tremendous bargain. Any thoughts??

To: John Lawrence who wrote (1857)	2/26/1998 8:47:00 PM
From: sfh	Read Replies (1) \| Respond to of 5164

Hi John, It's nice to see this thread come back from the "Amway days" to something more interesting. I appreciate what you are trying to do but would ask you to remain fair: I never said anything negative about insider trading, I simply gave participants an opportunity to look at the latest report. Wouldn't it have been it order to advise shareholder via a news release of the cancellation of 975,000 escrow shares? This, in my books, represents a substantial change in terms of outstanding shares on a fully diluted basis. Regards PS: My spouse is not involved in my stock dealings but sometimes just by looking over my notes or the threads I participate in she has a surprising ability to judge their value