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Gold/Mining/Energy : Global Thermoelectric - SOFC Fuel cells (GLE:TSE) -- Ignore unavailable to you. Want to Upgrade?


To: DaveU who wrote (1579)4/28/1999 1:49:00 PM
From: Michel Houle  Read Replies (1) | Respond to of 6016
 
Dave,

First, let me say that what I have been writing is simply what I consider to be the most likely scenario. From my point of view, everything falls in its place much better, including this recent filing for sale by Foundation Equity Corporation. I would do exactly the same thing if I was in their shoes. Not because I don't believe in the company, but because I think the stock price is running ahead of itself. And I can be wrong on this. No problem saying it.

"You have this theory that isn't consistent with history. Stock was well above exercise price on warrants $3+ before second release." (I would put quotes in italics instead, but don't know how. mh)

I agree the second release was not necessary anymore at this point for warrants purposes. But as I said earlier, they were probably written well ahead of time and they decided to go forward with the second one as well (for exactly what reason, I don't know, your guess is as good as mine). And after all, why not? I don't think there is any lies in any of the NR. I am reading what is actually written on them though. I think many are reading too much between the lines.

"If you take your responsibility to release information to the market fairly then they did what they needed to do (ie no run up on insider buying before the announcement)."

Good for them. I am with you on that one.

Again and always IMHO

Regards,

mh