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 : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?

To: john who wrote (14480)	11/2/1998 8:34:00 AM
From: Kool Guy	Read Replies (1) \| Respond to of 34075

John, I' reading your post again and you raise some interesting questions about how GE is paying BD, Guido, the mine workers, etc. You imply that these people are being paid with options, stocks or take home gold. Without seeing the financial statements, why is it so impossible that these people are being paid by GE's cash reserves? Is it because GE isn't making a profit? A company can still have cash reserves and show a loss. All that is required is someone willing to make a loan to GE. We all keep hearing about the "Erickson Family Trust" or whatever it's called, and how they already own so many shares of GE. They have a major stake in this company. I would think they would be willing to loan GE some cash (at a reasonable rate of interest) to make this thing work rather than receiving more shares in the company. Kool Guy

To: john who wrote (14480)	11/2/1998 8:51:00 AM
From: Kool Guy	Read Replies (2) \| Respond to of 34075

Finally, lets assume in a worst case scenario that the 200,000,000 shares outstanding is correct. Scenario 1 - BD says "theres no gold in them thar hills" - This issue of the 200,000,000 is unimportant. This stock will tank!! Scenario 2 - BD says "theres BOATLOADS AND BOATLOADS of BEAUTIFUL GOLD IN THEM THAR HILLS" - If this is the case, and ONLY if this is the case, GE can implement a reverse split to reduce the shares outstanding. Now I realize that everyone is going to jump on me for saying the "R split" words and forever hold it over my head not unlike the thrice cursed sword of Damocles, but hear me out. A "R split" could work if investors feel VERY positive about the company. If BD said GE had a world class deposit which could be economically extracted, I would be very positive about the company. If for some reason the price dipped due to a R Split, I'd buy it up in boatloads. Finally, the outstanding float would be diminished and the influences of supply and demand could work to the investor's advantage. KG