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Microcap & Penny Stocks : Gourmet's Choice Coffee Co. - GMCH
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To: CaraMia who wrote (1904)6/18/1999 11:37:00 AM
From: Peder E. Angvall  Read Replies (2) of 2161
 
"I felt it held alot of potential growth... and it has I must say grown incredibly"

How exactly has it grown? Have you seen any financial numbers showing revenue or profit growth? Or better yet, have you seen any revenue numbers at all?

"...or the less they have to cover"

Everybody keeps saying this, but I'm not quite sure how people are shorting this stock. To short a stock, you have to margin it and every broker I know requires a stock to be over $5 to margin it. The only people shorting GMCH are the MMs and the reason it is going down is that people have lost faith in it and are selling their shares.

I don't think everybody is bashing this stock to make it drop, I just think that they are questioning what this company is doing.

1. I have not seen a single press release with financial news for GMCH. They issue press releases when Tilton sneezes, so the lack of numbers makes me wonder what's going on.

2. They gave 1.4 million shares to some guy with a free website on xoom.com to pump up the stock and all he does is post the PR releases on discussion boards such as SI.

3. Tilton seems to make a lot of deals with other companies that he owns.

I am currently long GMCH, but don't know for how long. (I am also down about 50%)

PA
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