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Message: poison pill

Stringio
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Re: poison pill

in response to poison pill by bullwrinkle
posted on Sep 12, 11 10:12AM

NO. We absolutely don't

I spent a great deal of time discussing & sending materials to GBB Via Roger

He said that thier lawyer didn't think "share holder rights plan" was very legally sound

He claims that thier plan to sell gold "tax free" directly to shareholders is better protection anyways [has never been tried before]

I strongly disagree with them but don't understand the reluctance to implement a plan

My personal conclusion can only be that there may be a secret handshake deal with somebody to buy us out once we have proven up our new reserves. A deal for $1.50-$2.00 is great for those with millions & millions of shares but not so great for the retail investors

If a few more shareholders made some noise about this they may be forced into doing something about it. This is not extremely expensive to implement but adds an additional layer of protection

Outside of this one area I am really pleased with my sizable position in GBB

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