Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Info on your 2 points:

1. Folks who purchase through the Direct Purchase Program (DRP) don't really get a 2%. Instead, GTII averages the last 5 days of its closing price and then takes 98% of that price. So, on first glance, it looks like a 2% discount, but given flucuations in price, you really don't get one (unless it doesn't move for 5 days!).

2. The following announcement was made which gives an Internet address. I visited the site and it didn't have anything. Perhaps they are just getting it up an operation with more to come:

Wednesday January 7, 11:46 am Eastern Time
Company Press Release

Golden Triangle Industries Inc. Makes Announcements

New Salt Water Disposal Site Acquired

ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Jan. 7, 1998-- Golden Triangle Industries Inc. (NASDAQ:GTII - news) of Albuquerque announced the acquisition of a new salt-water disposal facility near El Campo, Texas.

This new facility, named Transcon Spanish Camp, is located near some of the top producing gas wells in Texas. This new facility is projected to increase the company's revenues by approximately $15,000-$25,000 per month.

Trucking & Equipment Service Added

GTII has expanded its oil and gas services to include trucking and equipment services. Three semi-tractor trailer trucks, several diversified trailers and three bulldozers were purchased during the fourth quarter which now allows the company to provide greatly needed services to the oil and gas operators in the Houston area. GTII can now provide the following trucking and equipment services that will bolster its increasing revenue base:

1. Equipment moving
2. Vacuum services (hauling of fluids to and from other disposal sites)
3. Oil transportation
4. Pad construction for drilling operations
5. Leasing of equipment

BDO Seidman, LLP Signed as New Auditor

GTII is pleased to report that BDO Seidman is the company's new auditor. BDO Seidman, LLP is one of the nation's leading accounting and consulting firms and is the seventh largest international accounting and consulting organization.

New Web Site, http://www.goldtri.com

GTII has established a new web site, http://www.goldtri.com, which allows access to all the most recent and updated information concerning the company.

For further information, please contact Glenn Gagnon or Shawna Owens at 505/856-5075.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.