Replies to post #10729 on Winners Circle

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read this post with high lighted area and the connecting posts-- pounding the table here- and why the mm's need YOUR shares

U.S. Global Investors Reduces Mortgage Bank Debt By More Than 50 Percent
Thursday April 1, 1:25 pm ET


SAN ANTONIO--(BUSINESS WIRE)--April 1, 2004--U.S. Global Investors Inc. (Nasdaq:GROW - News), a registered investment advisory firm, today announced it has made a $500,000 early debt payment, reducing its mortgage bank debt by more than 50 percent. U.S. Global Investors has realized improved operating cash flows due to strong performance and robust asset growth in its emerging markets and resources funds over the past year.
"After reviewing our balance sheet we believe the best use of the improved cash flows for U.S. Global Investors is to pay down debt," says Frank E. Holmes, Chief Investment Officer/CEO/Chairman of U.S. Global Investors. "Our goal is to be debt free."