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echo: locuser
to: Paul Edwards
from: Frank Malcolm
date: 1997-03-30 13:00:28
subject: get rich quick

Hi, Paul.

PE> PE>> I rang up the Gawler Gold people and they got my
application and all
PE> is
PE> PE>> well. BFN.  Paul.

PE> FM> Good.

PE> Got some documentation for the stuff today, but I think I've only got one o
PE> the two lots I bought thanks to my two stupid lots of shares.  I think I'll
PE> have to sell them just to get a reasonable number (1) of shareholder
PE> numbers!

Do you want me to find out what has to be done to combine them? I doubt
that they'd let *me* do it over the phone, but I could ask and if not,
find out what to do.

PE> PE>> P.S. Did you know that PLP was scheduled to be taken over when I
PE> bought
PE> PE>> them? I wouldn't have bought if I'd known that.  Fortunately it all
PE> turned
PE> PE>> out OK in the end, I got a 5% gain, but only just in the
nick of time!

PE> FM> I didn't know, which doesn't mean it hadn't been announced but I hadn't
PE> FM> appreciated it at the time if it had. I'll bear that in mind in future
PE> FM> when you want to buy stuff, that you don't want stuff where a takeover
PE> FM> has been announced.

PE> Basically there's no point in buying that, when I may as well buy shares in
PE> the company doing the takeover, and that way I won't be forced to sell. I
PE> want to have the ability to hold onto a stock for a long time if I want.

Yes, I see. Of course it's good to buy the company being taken over
*before* it's known - just look at Simon Hanness & TNT!

PE> PE>> P.P.S. What was the reason for PLP's drop from >$3 to ~$1.50?

PE> FM> Er, dunno. When?

PE> From when you lost a humungous amount of money buying options on it!!!  It
PE> went on a one-way ticket downwards!  BFN.  Paul.

Oh. Still dunno. I seldom look at stocks if I'm not holding them or
thinking of buying them (except for clients' requests of course).

Regards, fIM.

 * * Wedding: A funeral where you smell your own flowers.
@EOT:

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