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AKvetch

12/09/02 11:18 PM

#544 RE: marcos #543

Marcos, thank you for your response. I realize that much of what I posted is legal "boiler plate", but it was the stuff relating specifically to Pfeffer I found interesting,

Inasmuch as the GEII's Common Stock has traded in the range of $0.045 to $0.30 for more than the past year, and has recently been trading at prices above $0.24, it is
possible that Mr. Pfeffer will convert some or all of the Convertible Debenture should the prices remain sufficiently high.


My impression is that smaller shareholders will be far, far behind in realizing value from their shareholdings. Of course that is not to say they won't make money, but the more I get into this company, the more risk I see for the common shareholder.

Indeed, even Mr. Pfeffer seems to be between a rock and a hard place because as the company needs more capital to implement its plan for many mills, he either will have to advance it or subordinate his position, or the company can issue still more shares in a manner somewhat protecting Pfeffer, but further diluting the existing common stock, and it seems there is an ungodly amount of shares in this company that has little in the way of salable assets.

Anyway, those are just initial impressions. Colleen and ITS FOR REAL will, I'm sure, straighten me out <g>.

Thanks again,

AK