RMGG Message Board - Msg: 12000240

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Microcap & Penny Stocks : RMGG

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To: DR. MEADE who wrote ()	11/19/1999 10:17:00 AM
From: Vicki G	Read Replies (1) of 1170

Some basic information about RMGG: Float: 18-22? million; outstanding 24+? million (I'll check on these again). Pat Rost (and M&A consultant Jerry Simek?) and RMGG are working on producing an e-commerce website, and the information on the current site will be updated: direct.ca News releases (there are more lined up): marketwatch.newsalert.com (BigCharts has more but the Nov. 8 PR is missing) The Nov. 2/3 news release states "Projected sales of RMGG's traditional products for the fourth quarter of 1999 are 281,640 U.S. with a net profit of 65,350 U.S." and the company has stated sales estimates of $4 - $8 million for the factory's first year. About American ginseng (which is different than Asian ginseng): direct.ca agric.gov.ab.ca (American is also more expensive than Asian ginseng. A few weeks ago I called GNC (the health food store in malls), and their price for a 90-cap (I think) bottle of American was about $27 and their price for the same cap-count of Korean ginseng (their most expensive Asian ginseng) was about $15.) The Honey news release: bigcharts.com RMGG (incorporated in 1996) has had some revenues from selling American ginseng which have gone into building the new (GMP standards) factory which is just starting production. The Dec. 31, 1998 audited financial statements are available (net loss of $.03 per common share.) RMGG has stated they will be SEC-reporting well before their deadline -- probably by the first of next year.

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