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

To: Ulster1 who wrote (1766)5/5/1999 10:43:00 AM
From: Stephen O  Read Replies (2) | Respond to of 6016
 
The way it probably happened. Sprotts wants to buy stock. Who has most to sell. Foundation equity. Sprotts calls them. Foundation is all excited, a 10 bagger for them. OK we will sell 1.2 million, I think that is 1/4 of what they owned. So they did it. They have a meeting to celebrate and some poobah points out that they must file a notice to sell with the TSE. So they filed for 2 million. It was then pointed out that this notice would not cover the 1.2 million already sold so they filed another notice for the 1.2 million.
If they had not supplied the 1.2 million shares, how high would the market have gone on that Friday.



To: Ulster1 who wrote (1766)5/5/1999 6:00:00 PM
From: Jim P  Read Replies (1) | Respond to of 6016
 
Ulster 1, we are talking about a company which holds several million shares. The mind set is different then those who hold a few hundred to a few thousand shares.

I have been involved in a couple of these venture capital deals. Most recently I have opted to sell 50% of one for 10 times what I paid for it. Friends are telling me I am nuts because its going to go much higher. Well as the old saying goes a bird in hand is better then two in the bush.

Jim


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