GRIN (Grand Toys International Inc) Message Board

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Non-Tech : GRIN (Grand Toys International Inc)

GRIN 27.30

+1.1%

Dec 3 3:54 PM EST

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To: Frank McVerry who wrote (462)	11/19/1999 5:44:00 PM
From: Kevin Podsiadlik	Read Replies (1) of 495

The $14M cash position for GRIN was my year-end estimate, that is, That is, just a WAG. The $8M option cash has not 'disappeared' I didn't mean to imply that. But then again it didn't appear out of nowhere, either. It's just converting equity from one form to another. Selling options does not make GRIN worth $8M more than before. If it did then I could make $100 million a year just by setting up a company that sold options on itself every month. As for real upside potential, and by that I specifically do not mean hyperbolic short-term spikes based on tangential associations with a hot product. GRIN's big problem is that their fate is really not in their own hands. They seem to be entirely dependent upon being awarded sublicenses from other companies. Grand Toys once had a presence in the USA, but no longer does (thus the "International" part has become something of a misnomer). That right there says that some things have not gone well with GRIN in the recent past.

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