Glentel Inc GLNIF

RE: Well musing --

[musing]

With respect to your question, I don't think it was a shareholder offering, in which case I would have expected to be offered a stake in the financing. It was an institutional financing. We all knew that it was coming and could have made inquiries. On the 3 occassions when I participated in a financing, one was a shareholder offering, where I was approached along with all other shareholders, but with the others I sought out the agent and asked whether I could participate. An additional point that I think is worth taking into account is the added value we all get out of institutional participation in a financing, not always but often. Anyway, based on the returns this company has provided to me, I'm quite happy. And I happen to believe that there will be significantly greater reward. I'm not sure that we have much greater intrinsic value because I have no real way of evaluating that. But I do see signficant growth possibilities and with that I see enhanced share price. If there is more there, if others are right about Glentel being an ideal take over target, that is great. But I'm not holding because of that possibility.