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 Triangle Ind., A Golden Opportunity? GTII -- Ignore unavailable to you. Want to Upgrade?

To: Bill Fortune III who wrote (17)	12/10/1998 6:01:00 PM
From: Jeffrey L. Henken	Respond to of 44

Some things to look forward to for GTII shareholders. Remember this company is very profitable despite the downturn in oil and gas prices. They are also raising more money through warrant conversions. What will they do with these additional funds. Read on and see if you see what you think. I copied some of this from some posts at Yahoo that were written by a company official, Glenn Gagnon: 1) The gravel contract did not generate any revenues for the third quarter. There is an estimated 10 - 20 million tons of sand and gravel on this property. Revenues from this contract will show up on the fourth quarter and continue to show up in the following quarters. 2) The money from the warrants and the DRIP program shows up as Shareholders Equity. It is not calculated in revenues or net income. It does show up as cash received for the Company. 3) There is no way that we will get 100% exercising of the current warrant offering. Even if we did that would mean that we would have raised $2,4000,000 (interest free) to invest in GTII. This is a VERY effective way to raise capital with no interest and the stock is going into "friendly hands" not a PR firm or investment banker who will sell the stock at the drop of a hat and will cost GTII hundreds of thousands of dollars on top of that. This current warrant offering only cost GTII approximately $7000 with filing fees and mailing costs. In our opinion this is a very cost effective way to raise capital. Yes it is diluting the shares but we are investing this money into hard assets that will hopefully bring more profits to GTII and our shareholders. Depending of what happens with the stock price between now and the time the warrants expire, we estimate that about 10-30% of the warrants will be exercised. GTII is in the process of re-incorporating as a Nevada corporation. Currently GTII is a Colorado corporation and Colorado does not allow us to have treasury stock (treasury stock is stock that is bought in the open market and then the company can use this stock for transactions of their choice). As it stands now, if GTII buys its own stock in the open market it just disappears from our balance sheet. The treasury stock is important to GTII because it allows us to support the market when we feel that it needs it and it then allows us to turn around and use this stock for such things as acquisitions. Glenn Gagnon I personally hope to add to my position here in a big way soon. If GTII is making acquisitions in this market they are going to find some real bargains. Regards, Jeff

To: Bill Fortune III who wrote (17)	12/15/1998 11:35:00 AM
From: Jeffrey L. Henken	Respond to of 44

Like Houston itself GTII appears to have diversified it's business. The shipping of sand and gravel should have begun in earnest in November. It sounds like there may be quite a bit of money in this for GTII: sec.yahoo.com Houston has ranked No. 1, 2 or 3 in the top 10 U.S. cities for corporate relocation since 1994, according to PHH Relocation. The realty firm Grubb & Ellis, citing shrinking vacancy rates, reports that 8 million square feet of warehouses will be built in the Houston area in the next two years. Among planned projects is a 600,000-square-foot facility planned by Minneapolis-based Opus South Corp. ijmc.com Regards, Jeff