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eRaider targets GV eRaider.com is an Internet site that organizes shareholders to improve company oversight. The Allied Owners Action Fund has bought 290,000 shares after an extensive analysis convinced them that Goldfield has extraordinary value. Although this American Stock Exchange-traded company does have precious metals mines, it gets its revenue from zeolite mining (zeolites are useful minerals for processes including filtering and absorption), laying fiber optic cable and building electric transmission lines. The Allied Owners Action Fund, a public open-end mutual fund, quietly buys 5 percent stakes in public companies that it believes can benefit from aggressive shareholder oversight. The Fund is a long-term, buy-and-hold investor. After its stake is acquired, the target company is announced at the eRaider website (http://www.eRaider.com). eRaider publishes its analysis of the company, and invites all target company shareholders (not just Fund shareholders) to the site message boards to discuss the company and organize for action. With Goldfield, eRaider thinks the underlying assets and operating companies are worth far more than the current share price. The stock is depressed due to excessive corporate overhead, lack of focus and poor corporate governance. eRaider hopes to persuade management and the board to shed noncore assets, slash corporate overhead and make the company more democratic. If friendly persuasion fails, eRaider hopes to organize shareholders to force change. I invite all GV shareholders to come to http://www.eRaider.com to discuss the company, come up with a plan for real change and make it happen. We own this company and we have the power to make it great. What the experts are saying about eRaider: The New York Times lauded our “buccaneering, revolutionary image,” Money Magazine said we were “the vanguard of a burgeoning movement.” Mutual Funds Magazine thought the fund was” risky, but fascinating” and Smart Money recommended us as “a wise choice as part of a diversified portfolio.”
Join the shareholder revolution at eRaider where our motto is: If they won’t take care of business, we will. www.eraider.com/companies.cfm Aaron Brown eRaider co-founder
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