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Gold/Mining/Energy : St. Genevieve Resources (SGV.T & SGV.M) -- Ignore unavailable to you. Want to Upgrade?

To: Perry who wrote (128)4/9/1998 4:32:00 PM
From: philip trigiani  Read Replies (1) | Respond to of 140
Gauthier is controller of SGV merchant banking group, which by the way is gauthier's control over sgv, The merchant banking company has received the financing in the past, then it loans it out to SGV/kwg as a loan. Gauthier ends up controlling the money and the companies. Without SGV(which is Gauthier) there is nothing.

PS> I voted for the restructuring, as he has control anyways, but, as for the option plan, I voted against it. If Gauthier wants options, then earn them.

Through the shares for debt plan, SGV is going to end up with a strangle hold over KWG, as a lot of the debt is to SGV(merchant banking group).