To: Troy Griffin who wrote (2091 ) 5/6/1998 6:22:00 PM From: John Lawrence Read Replies (1) | Respond to of 5164
re. trading on another exchange If I thought that complaining on SI about being on the pink sheets would help to move to the electronic board, I'd complain as loudly as anyone, but the fact is that Nasdaq won't be persuaded by our complaints. The application has been made to list on the electronic board and now it's up to regulatory processes. People who know about the company and believe in it already have positions. It's true that new investors won't be found in any quantity until there's news. Once the projects are seen to be moving ahead, shares will trade, regardless of where it's listed. The company is deliberately avoiding publicity at this stage, for some very good reasons. Once certain objectives have been achieved, I am confident you will see the company telling its story much more widely. It is well known that the Sungold's President has excellent marketing skills. I'm sure he's chomping at the bit to get going. I don't know what Hans has been doing with all his trips to South Korea, but he's not there for the good of his health. The Shindo Island project with the JV partners, the Insung Group, is very much on the front burner. The Inchon Airport is expected to begin operations near the end of next year, and reports are that the S.K. Gov't. is eager to develop destination projects in the region - especially those that could attract foreign capital. A massive highway between Seoul and the airport (which will be the largest in Asia when it is finished) is being constructed. At the AGM, we heard from Mr. Sung that the new S.K. Gov't. is amenable to making the necessary regulatory changes and granting licenses. Long term shareholders (which judging by the extremely low trading volumes means almost all of us now) know that this quiet period means that the real work of the company is being accomplished. BTW, K.H. is currently away from Vancouver on company business. I don't know where or for what.