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Gold/Mining/Energy : Global Santa Fe (GSF) (formerly Global Marine) -- Ignore unavailable to you. Want to Upgrade?

To: Stephen M. DeMoss who wrote (781)	7/12/1998 9:06:00 PM
From: SeanS	Read Replies (2) \| Respond to of 2282

I don't want to sound like an alarmist and I am certain conditions are much different today, but to give you an example of how low GLM can go, try $0.00. Back in the eighties GLM got into such bad shape with the low rental rates at the time, they went bankrupt. We stock and bondholders of the time lost almost everything. If I remember correctly, what really infuriated me, after the bankruptcy was finalized, the board at GLM voted the officers a big bonus, cash and options I think, while we little guys were left holding an empty bag!