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Gold/Mining/Energy : CMYN -- Ignore unavailable to you. Want to Upgrade?

To: Chris land who wrote (556)	4/3/1998 11:09:00 PM
From: Peter Fein	Respond to of 811

Can anybody give a decent reason why buying out the preferreds isn't the best solution, even if it means taking on debt? It seems what they should of been doing from the day they realized this was a problem. Why is Casmyn management so afraid of loans? Their past actions and statements on conference calls indicate this fear, but it makes no sense to me. They're a growing company; growing companies have debts. What's the big deal with that? --Peter

To: Chris land who wrote (556)	4/3/1998 11:21:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 811

Chris; Just where is all this huge dilution, show me where it is I've heard so much about it but don't see any facts about it. What I think we got is a bunch of crooks who got some convertables and then shorted the stock. You want to appease them ? Hey they just want to take over the company for a song and a dance..and there are other choices too..ever hear of chapter 11.. it don't cut the common share holders out. I held on through George Bushs' scam with Zapata..it went chapter 11 and they shook down most of the commons..but go look where it is now. Look if they can take it over they can sell off the parts for 20 times what they put in the convertables..they had a chance and stone walled ..appease them what for. They had certain rights and failed to use them, and instead tried to force the company into a brick wall. Let the time run out, reverse split, and chapter 11 if need be..but don't give them vultures crap. They can buy shares just like any one else. Jim