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Gold/Mining/Energy : American Gem (GEM)
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To: SIer formerly known as Joe B. who wrote (362)6/12/1999 2:02:00 PM
From: Dark_Continent  Read Replies (1) of 464
 
It would take nothing to move this stock over a dollar. Obviously there are more shares outstanding than I would like, but if Bid.com's worth 650 million dollars, Gem is worth more than 100 million. If GEM was to announce another major acquisition, believe me, you will see this stock fly. The same would occur if we saw a relatively high profile IPO. The company has delivered exactly what they've promised so far. New management team, gem website in the works, corporate website, reduction of debt, and they now have six million in the bank. Alboini has pulled off a minor miracle. I've spoken to him personally and he says they are actively looking for acquisitions. It's only a matter of time. If he says they'll do it, you'd be crazy to bet against them.
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