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Microcap & Penny Stocks : GLTI (Global TeleMedia International Inc.)-fomerly GTMI -- Ignore unavailable to you. Want to Upgrade?

To: S. Bashakis who wrote (282)	2/6/1999 11:53:00 AM
From: jebj	Read Replies (2) \| Respond to of 613

>What are the terms of the deal to acquire this Phillipine timber company? Not a clue - and don't know any way to find out. >Why would a Philipine timber company with a theoretical value of $120 million want to be bought by a delisted shell with negative book value? As I read it, they are going into the telecom business big time and with GTMI'c contacts, contracts, etc., it would be a good move on their part. >Are timber rights in the Phillipines irrevocable? Again, don't know. >Will this affiliation last longer than the Russian affiliation? As I understand it, the Russia deal was suppose to bring several hundred million of bonds to the table which could have then borrowed against. The timing ref the Russian problems could not have been worse for GTMI - of course, some of us said that at the time! >Will any funding source value the Phillipine Holding company at any value? If they do, in fact, have these timber reserves, I would assume it is as good a gold in the bank, what with the price and status of timber worldwide. Only gold that is growing everyday just sitting! :) >How many shares will the Holding Company get and will the dilution wipe out existing shareholders? That would seem to be a question that the company should be forced to answer. W>ould be interested to find out answers to any of these questions Yup! jb ------ Previous