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Gold/Mining/Energy : GPW Group West Systems Ltd. (Year 2000 Software Company) -- Ignore unavailable to you. Want to Upgrade?


To: Mr. Forthright who wrote (415)4/18/1998 11:04:00 PM
From: L. D.  Respond to of 1443
 
Mr. Forthright GPW's cap is 41 million and some change.
Question for a question if you will ?
What makes investors think that BLD is worth $355,488,440.
Truthfully I'd say speculation and expectation.
I do not think that it is wise to argue with the the market.



To: Mr. Forthright who wrote (415)4/19/1998 12:29:00 AM
From: Tom McIlwain  Read Replies (1) | Respond to of 1443
 
<< I have not read any news releases about something being worked on in the US. Can somebody elaborate? Murray you seem to be well connected. Can you help?>>

Happy to oblige. I took the trouble to look these up for you. Please reciprocate by taking the trouble yourself to read them.

www3.stockgroup.com

www3.stockgroup.com

www3.stockgroup.com



To: Mr. Forthright who wrote (415)4/19/1998 12:35:00 AM
From: Nathan Hansen  Read Replies (2) | Respond to of 1443
 
I don't want to take any thunder away from Murray, because he does seem to have a good handle on the GPW scoop, but if I may: (you're going to have to indulge my storytelling a bit here)

Bill St. Marie, the President of Group West is an entrepreneur in his 50's (+/- couple of years), from a group of IBMer's who built their own private companies after their tenure with IBM. So, you have a guy who controls a successful private enterprise in the IT business. He knows the Y2K industry, many of the tool developers, and decides to use this private co. to exploit these opportunities. In comes 'INTO 2000'.

To this point this VEHICLE (GPW) is private. No market value easily put on it. Just a small company going into a VERY LARGE MARKET OPPORTUNITY. Best way to take best advantage of this, in his judgement is: "Go Public."

In steps Frank Port. Banking background for 16+ years, has recently formed Seaport Communications Inc., to work with private companies through the 'going public' stage and on to "fully-matured" stage. Frank brings a few new Directors to the company, strengthening the Corporate infrastructure, introduces Bill and team to Brink, Hudson & Lefever (local V.S.E. member brokerage firm) and Group West goes public.

What made the company that had an initial market value of $7 million go from an opening trade of $2.05 (I remember that price 'cause I bought 1000 shares at opening) to $8.90 in a matter of days?? I can only speak for myself. The company had a very well presented plan, and the only comparable's were at 'horrific market cap's--averaging somewhere around $300 million U.S.'

Now comes the part that AGAIN convinced me of the upside. (stock price was somewhere between $5 and $6.00) It came through conversation with Bill St. Marie at the AGM in Feb. 98. His comments to the shareholder audience were: "We have targeted 7 potential acquisitions.....we have done complete due diligence on all of them, and we plan on growing this company through a series of acquisitions USING PRIMARILY STOCK AS THE CONSIDERATION" (my paraphrasing and capitals) that is all I needed to hear to be getting long this stock up to my eyeballs.

I could go on and on, but the key elements are there I hope, for those who can glean something from the rhetoric.

Couple of thoughts for L.D.:

<<President is in the US "doing something". It should move the stock higher offering liquidity and upticks.>> IF WE COULD BE 'A FLY ON THE WALL'......ever heard of a fly getting caught in 'insider trading'. Reminds me....what was the last thing that went through the fly's mind when he hit the car's windshield?......his a@%hole.

2nd thought: I had the terrible job of defending the naysayers just recently, (1995) on a stock that traded V.S.E. with a market cap between $200 million and $300 million with NO REVENUES. After a year of acquisition dealing, the company now has in excess of $55 million in Annual Revenue and has a market cap of $190 million. Gotta hate that...<ggg>

My point is: those investments that go from $45 million market cap to $400 million market cap before the Revenue catches up, are out there and GPW can realistically be one of them.

cheers.

P.S. If any one would like some more 'patronizing Frank'<ggg>, let me know.....I tell no lies.



To: Mr. Forthright who wrote (415)4/19/1998 1:19:00 AM
From: Donald Lickman  Read Replies (3) | Respond to of 1443
 
Thanks for the info Nathan. Mr. Forhtight, you say GPW has a small public float, does that mean the promoters still own most of their paper?

Donald

PS- LD it takes all kinds to make the market go around (mostly made up of suckers)



To: Mr. Forthright who wrote (415)4/20/1998 11:16:00 AM
From: AuldDruid  Read Replies (1) | Respond to of 1443
 
Mr Forthright,

I don't know of anything specific, but GPW recently acquired the right to market INTO2000 jointly with CTA, in a relationship they both announce as positive, but I haven't looked into the details to find out for myself. You might want to check out the CTA website and contact them, then post what you find. GPW also has it's own project offices here on the West Coast in several locations both in Canada and the US, but I would surmise that there would be a need to evolve a combined marketing strategy with CTA, and that would be one possibility for a visit to the US. Remember, anyone who reads this, I'm just surmising here, that this trip is mainly "housekeeping", and you should do your own DD. Sorry I don't know more on this one - I'll ask around and see if I can find out anything later. There's so much going on with this company though, that it's now hard to keep up! Help!