GONT - GO ONLINE NETWORKS ( old symbol: JNNE ) Message Board

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

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To: lakers17 who wrote (518)	12/6/1999 10:16:00 PM
From: Little Engine	of 1063

Well, based on experience, I would say the bottom is a penny or two. Small spikes up and down till then (mostly down)... if you can play them right you are smarter than anyone I know. Current shares outstanding is about 72 million. Float is 60+ million. The company doesn't seem to know much about "conducting business"... in nine months they spent $1.5 million, with only $13,000 in sales to show for it. Pathetic return on investment. They've never made a profit and never will. If I were working for this company I would be sending out lots of resumes. They can't be expanding very fast, since they have almost run out of cash. The only way they can get cash is by selling more stock, which will increase the float and hurt the stock price even more. It's a lose-lose situation for the stockholders. If you want to take a flyer, you can do better. Run a stock screen sometime for stocks under $1 that are making profits. You'll be surprised how many there are.

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