RE: RE: RE: RE: Some Clarification Is NeededI never once said or even indicated that Van Eck has ever sold even a single share . That was Burpit
I understand that Frank [based soley on his lawyers opinion] claims that nothing can stop a takeover
In fact he said the very same thing to me. He also said that his selling of gold to the shareholders was a better deterent than a shareholders rights plan OR a poison pill
I have strongly opposed our lack of protection & told both Roger & Frank as much
Poison pills & shareholders rights plans are in fact 2 of the best methods of slowing takeovers & is why MOST lawyers have them in place for hundreds of companies. These are simply stalling tactics to provide maximum time to find other interested or perhaps more desirable partners.
Joint ventures also complicate hostile takeover attempts & I discussed this with Roger just this week
He said that GBB was not interested in joint ventures
I understand that you are passionate about Frank's statement to you but that doesn't mean he is right
We are going down a road without any proven takeover deterants, & counting on a "bullion selling program" which has never been tried, and has yet to be implemented
These are my reasons for knowing where the 10%+ of the stock support lies