My pick is Galaxy Enterprises (GLXY). This stock is an OTC BB stock, but quite unlike most BB stocks. The price range for 1998 was $.056 to $10.50. I bought this stock on 11/25/98 for $2.25 and sold it four days later for $8.00 per share. 12/09/98 I again purchased it for $3.62 and 12/11/98 sold it for $7.50.
I had an extensive phone conversation yesterday with Daren Baird, who is Director of Investor Relations for the company, and he can be reached at 800-967-2997. I want to share some important info he gave me on our phone conversation:
1) Galaxy Enterprises (GLXY) is a profitable Internet company, which puts the company in a very small group.
2) Galaxy is taking the necessary steps to make more information available to investors. On November 12, 1998, they filed a Form 10-SB with the SEC which will make them a fully-reporting company. That form will most likely become effective early next week. Galaxy will then begin to file electronically with the SEC making 10-K's, 10-Q's and additional information on Galaxy more accessible for investors.
3) The company has also made it a goal to become listed on NASDQ as a small cap issue sometime in 1999.
4) I was unable to get a specific date for the next earnings report, but it will probably be late January, no later than 2-15-98.
5) The company is currently talking with investment bankers and security firms to secure funding, which is necessary to be listed as a small cap issue.
6) Daren said that this will cause a good deal of increased exposure for the company.
7) He said that 1999 looks to be very positive. The company has rolled out two new product lines; their search engine, Matchsite, and their dynamically created web pages, which they will be marketing under private labels.
8) Projections for both of these products look like they will take over and produce the lion's share of revenue this year. As that happens, he said, investors will see two things: REVENUES will increase at a more rapid rate, and the company can expect to see HIGHER PROFIT MARGINS.
9) Also, Daren said more regular news items would be forthcoming to keep investors more fully informed.
These items have convincecd me that Galaxy Enterprises (GLXY) will be a very profitable stock for investors in 1999, and I have doubled my position in the company as a result of my conversation.
I believe this stock (GLXY) will see $25 per share or higher. |
