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 : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Linkdog who wrote (45735)	6/1/1999 7:11:00 PM
From: marc chatman	Respond to of 95453

Thanks, Linkdog. I didn't think GLM would come out and say they saw "financial problems" with FLC. If, in fact, Bloomberg is correct in reporting there were merger discussions (maybe there were, maybe there weren't), the parties would have signed some sort of confidentiality agreement. That would likely prohibit such comments if they were prompted by information not in the public domain. There is just too little in that Bloomberg report for me to give it any weight. That single statement, even if we take it as correct, doesn't mean that the parties had merger discussions -- it could mean that GLM thought about making an offer to FLC but never made it; it could mean they had an informal chat or two; it could mean that FLC approached GLM. It could mean just about anything. You are right in pointing out that FLC has announced it is open to offers. But I don't think anything is going to happen until FLC locks in some more contracts and makes sure its new builds are on track.