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


To: blue_chip who wrote (1738)5/5/1999 4:27:00 AM
From: pop1  Read Replies (1) | Respond to of 6016
 
I was wondering if this tse bulletin may be part of the confusion
05/03/1999 12:51:00 / GLOBAL THERMOELECTRIC INC

TORONTO STOCK EXCHANGE ("TSE-T")

GLOBAL THERMOELECTRIC INC ("GLE-T")

- TSE Bulletin 99-0538, Global Thermoelectric, Sale From Control

Foundation Equity Corporation has filed a Notice of Intention to

Distribute which advises The Exchange of the sell of 1,230,000 common

shares of Global Thermoelectric Inc. accrued on April 16, 1999 and April

18, 1999 through the facilities of The Exchange on or after March 22, 1999.

Foundation Equity Corporation, until April 16, 1999 was the owned of

approximately 37% of the issued and outstanding common shares of Global

Thermoelectric Inc.

All the above sales will be made in accordance with the orderly

marketing requirements of The Exchange as set out in Part III of Division G

of the Members' Manual.

Questions may be directed to Harvey Bryant at the TSE, (416) 947-

4563.

TEL: (416) 947-4700 Toronto Stock Exchange

FAX: (416) 947-4270 Marketing And Communications

______________________________________

(c) Corporate Dissemination Services Inc. All rights reserved.

Tel:(604) 689-1101 Fax:(604) 689-1106

RapidFAX (tm) - To get the NEWS as it happens, call (604) 689-3041.



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To: blue_chip who wrote (1738)5/5/1999 5:07:00 AM
From: StockPro  Read Replies (1) | Respond to of 6016
 
And I am wondering if "burtcat" knew something all the rest of us did not ??

Message 9263208



To: blue_chip who wrote (1738)5/5/1999 9:02:00 AM
From: the Chief  Read Replies (2) | Respond to of 6016
 
Hi blue_chip. I would be more than interested in hearing the Chiefs comments. I have no idea what this all means, I have not heard the news personally on 680 News.

I have no idea what this means at the moment either. However, I stick by my comments in the two messages you quoted in the message I am answering....that is exactly what was said. remember, they also said, that they would prefer to sell to a mutual fund or high roller, as well. So it is possible they had arranged a sale and could not comment....we shall see...this is all speculation until we find out what is going on!

My thoughts are that the "market" found out this news yesterday, and drove the price down to the $7's and the people in the know, dismissed it as a "forum submission" problem and bought the stock and drove it back up....but we'll see!

the Chief