Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Global Platinum & Gold (GPGI) -- Ignore unavailable to you. Want to Upgrade?

To: Chuck Bleakney who wrote (7059)	8/25/1998 10:08:00 AM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 14226

Chuck, the devil's in the details. If the company is selling 144 stock at some previously announced price, say $0.75, then fine. However who is going to buy restricted stock at a price higher than the current market, nobody. If I believed that GPGI will be a stock with an eventual price higher than the current market price and had many thousand shares of GPGI free trading common and could buy restricted shares at market, it would be in my interest to sell my common to drive the price down and then use the cash received to buy more restricted shares than I sold before. We can name this "evil force" "Friendly Floorless". However the risk they run is that they can drive the price to a point where the company can't continue to function for need of cash, or dilute and diminish the perceived value of what the company has accomplished, the Zeev TA/Fundamentals argument. It would be interesting if it's the "friends" that are now hurting this company.