Tuesday, November 17, 2009 1:53:57 PM
I hope some sort of a deal can be met. Winfield has some considerations to make. He is sitting in a strange place right now but as you say he needs to hopefully do the right thing for the company and in turn help himself. If you were Winfield what would you do? I would want my investment to move forward. The thing I don't get is this. Winfield can convert his debt into common stock if GSPG can not pay him back. But if Silver Weaton or some such entity comes along with the cash would he be forced to take the payment thus wiping out the debt? I'm sure something will be worked out. 2 billion in reserves to wipe out measly few millions is the reason. I hope he does not convert the debt in for common shares and dilute us even more. I'm not sure what his options are. I just hope as you say Winfield does the right thing for the company. In the end what ever get the ball mill rolling. Hopefully he is not a complete ass and is willing to bend a little for the common goal. In the end all parties will prosper if Winfied "does the right thing"
Cheers,
D
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