To: CIMA who wrote (11112 ) 7/25/1998 12:09:00 PM From: Probart Read Replies (2) | Respond to of 34075
I think most of what I am about to say has been posted last night but here is my two cents worth in any event. I always try to put myself in the shoes of the people involved here. If BD is only going to do legal council for GE and I was either the Chairman Mark Anderson or the President Bernard J. Guarnera of BD I would not put a 87 year old company's name or reputation at stake by providing legal council to a fart in the wind. If I was them I would have spent at least two or three month studying Guido's report (they have had at least two months to study the work) and all other relative reports with the rest of my BD team, which constitutes some 1361 years of experience that I can draw from, from some 59 directors, associates, consultants etc. Wow my staff has an average of 23 years experience. If I was the chairman and I had done work for/checked work/worked with Guido in the past and found the work to be full of errors and faults do you think I would have even considered looking at the work. Come on I have been in this for a long time. Now if they are going down there to do samples, verification, scratch in the dirt etc do you think I would take the job if I know that Guido's work in the past was full of faults and errors and unreliable and a whole bunch of utter crap. DO YOU THINK I WILL DO THE WORK????????? HUUUUUU WHAT DOES THIS TELL ME?????? IT TELLS ME THAT THE FIGURES ISSUED BY GUIDO AND OTHER GEOLOGINST IS PROBABLY CORRECT OR AT LEAST CAN BE RELIED ON. This is not a Bre-x situation where the stock is trading at hundreds of dollars and every insider, Tom, Dick and Harry has a 144 filed. My spin is that the insiders of this company will only get out once this shitty little company of ours is sold to a major for BILLIONS in cash and stock. If they start selling stock before the verification numbers are out then yes my stance on this will change, but until then my money in on Guido et al, and I will bail or sell when this is a done deal. The risk is 50/50 here no more no less. And on top of it all the 6.8 million figure is only on two sites out of about fifteen!!!! Need I continue...? I do have a big problem with being on the pinks and am worried about investors and speculators getting raped by the mm's. This of course is only my very humble opinion - do your own DD. Best, Probart