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Microcap & Penny Stocks : Global Intellicom--Symbol GBIT

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To: BarbaraT who wrote (1032)12/10/1998 3:50:00 PM
From: Jim Spitz  Read Replies (1) of 1096
 
I think GBIT is pretty well undervalued right now, even accounting for some possible convertible adjustment. Sorry to hear that you are into GBIT so high. It will take longer to get your money back. I'm in a little lower. We really won't know much more for a while. Unless they have news pending. I don't expect they do. Again just my opinion.

I plan to try to position myself to take best advantage of warrants, post-merger. If it occurred today, I'd have to sell shares to convert the warrants. Sure wish some of my other stocks would move up...don't we all?

Best of luck to all! jimS
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