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Microcap & Penny Stocks : GONT - GO ONLINE NETWORKS ( old symbol: JNNE )

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To: James Randall Ingram who wrote (445)11/10/1999 10:53:00 AM
From: Stolcker  Read Replies (2) of 1063
 
800%? at .35? Wow. Wish I'd caught that train. Unfortunately, my investment in JNNE(Yep, I bought some) went exactly the opposite direction. You win some, you lose some.
I really don't think this company is going anywhere, because I can't find anything unique or special about them. The kiosk idea is old technology and kind of like introducing a horse and buggy at a car show. The site is not all that exciting, and they're late for the auction party. I liked the fact that they were selling some unique stuff, but then it turned out that they weren't all that competitive, and maybe their vendor relations weren't all that solid. They don't appear to have a lot of capitol for marketing - or they're holding back, which is highly doubtful and wouldn't be very smart. The site is about 1/10th of your expense these days, with marketing costs running into the millions and site development costing maybe $50K to $100K on the high end. Their site is decidedly not hot technology (Sorry, but I'm actually in the development business, and there's nothing special there), they've already told a couple of whoppers, and we all know it (Media BLITZ??). Sorry, but I think these guys are an also-ran. I hope for investor's sake that I'm wrong.
Hey, even for my OWN sake! I do still own some shares of this beast that I bought without enough research - a Vegas play, let's call it - at - yes folks, you may rip me for this - .65/share and up.
Just my opinion, somebody enlighten me if I'm wrong. I've been hard on JNNE/GONT in the past because I felt suckered, but now I'm being hard on them because I just don't think they have the right stuff from any vantage point that I can think of. I hope you all get your money back, at least - and maybe the miracle will happen and you'll actually make some cash...
PA
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