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Microcap & Penny Stocks : GBOTQ (7 million shares---3.8 million float)

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To: Roger Confirmo who wrote (1)3/27/2000 2:06:00 PM
From: RMF   of 3
 
Hello Roger,

Thanks for that article. It's good to see they are working on a new product line.

I bought this one originally as a speculation when I saw it trading volume a couple months ago. I sold a lot of those shares on the run up to .39, but after doing more DD and hearing my wife's good opinion of their products I thought this good be a pretty good longer term investment.

The reorganization has allowed them to close all but their 109 best performing stores, and concentrate their advertising budget to those areas. I think they may be able to start showing a profit in those stores. The "Garden Club" memberships they are selling probably are cutting their margins, but they also seem to indicate they are building a more predictable customer base.

What I'd like to see would be more effort put into internet sales and wholesaling. They've mentioned those areas in past releases and I hope they're working toward that.

It's speculative, but this new mgt. seems to have cut things to the bone, and the upside seems very promising.

Someone might even come along and see a company with an established product and loyal customer base and decide to buyout the whole works.

I guess it's a bit risky, but it seems worth it in this case. I like companies that are relatively invisible as this one seems to be. I've been buying a few more here and there as the price has dropped, and I plan to continue buying.

As I said, I've seen completely empty shells carrying higher caps. than GBOTQ. If there's even a chance they could get back into the black (which I think there is) then this one looks like a real bargain.

Sorry for takng so long to get back to you.

RMF
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