The following is a quote from the December 29 2008 News release: Note: the original "HWBI" has been replaced by "GDSM"
"... The Company determined that, through PPL, it had access to a substantial number of mining assets. These mining assets include copper, gold, nickel, platinum, palladium, silver, uranium and Rare Earth Elements. The various mining opportunities are in different stages of development. Some properties are ready for drilling, others are producing and a large number of the properties are available for joint venture rather than an outright sale. Further, the funding on these projects would be more achievable with GDSM's current access to capital than the funding needed to fully develop and market the Company's Hot Web properties. PPL found that qualified management in the mining industry would be more accessible to GDSM. Therefore, management has decided to pursue the sale, joint venture and potential spin-off of the Hot Web properties. It is management's opinion that by reallocating its assets and focus to mining, an industry in which it has substantial contacts and resources, the Company can achieve higher growth and shareholder equity than it could expect staying on its current operations path. PPL will continue to move the Company forward while completing these mining acquisitions, maximizing the value of the current assets and accessing appropriate industry management to lead the Company into the future. It is the goal of PPL to bring in these mining assets, while capitalizing on the domain properties in as timely a fashion as possible. Several opportunities for both, as well as qualified management, are being reviewed and negotiated at this time. Jason Cooper, managing Director of Presage Partners LLC and Interim CEO of Hot Web, Inc., commented, "Although it was not the intention to lead Hot Web in a different direction, it became clear as we tapped into our network of associates and current clients, that the development of the properties as they sit now would be difficult and cost prohibitive. What we did find though, was that there were opportunities for the properties outside the current structure. There are a lot of joint-venture, buyout and private equity interest out there for these domains and the reputation they have built..."
Had the above on a website page since the news release came out.
Had bought the Hot Web stock because they had a great idea and sold quite a few beautiful cars.
The news release tells us that the planning for this great day has been going on for quite some time.
By the way I added more shares from time to time and
just topped up several hundred thousand a few days ago.
Always held gold shares but it is really the love of
classical cars that got me into this happy position.
Good luck to all of those who joined or will join this
very happy club.
Rocky
All my statements are expressions of opinion and are not meant to be either
investment advice or a solicitation or recommendation to buy, sell, or hold securities.
