Ann: Appendix 5B, page-12

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Gammie

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11/10/19

14:35

Post #: 40838309
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Originally posted by Jonnylitch: ↑

Hi CB,

It was more in response to "could we take over GFS" and run it ourselves with Gammie as CEO.

I don't think it would take too much for the present directors to relinquish control, after all, they have a dog and they know it! Particularly if we relieved Nathan of the burden of propping up the company.

Without our director's line of credit, however - we have nothing of any value.

Interesting question, let's suppose a group of successful and proven directors and people from the O&G industry said GFS has some leases and potential that were worth pursuing and wanted to do a CR - would you consider it?

...and the pigs are fueled up, on the taxiway and ready for take-off!

Of course, GFS may become a shell company and in a few years and another 'Nathan' may try and resurrect it.

Like you, I think any further keystrokes regarding this company are a waste of effort - apart from the occasional need to vent about a skewed system that protects everyone except the small shareholder - this is a fine example of how the system doesn't work.

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Ha it was more a question if the money I invested here was sufficient to buy this shell of a company. And then resurrect the goodwill of all the shareholders and maybe we can find something that would really make this company something that can actually work. But you are right the pigs wil definitely take off from the runway before that could occur. Too much bad blood with the feather-duster. IMO

GFS Price at posting: 0.2¢ Sentiment: None Disclosure: Held
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