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Gold/Mining/Energy : GEAC.....Canadian best kept secret

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To: micromike who wrote (1487)12/8/2000 3:49:12 PM
From: Doug  Read Replies (2) of 1571
 
MIKE: As I said before, their Buisness model was wrong from the start and it is still wrong. The sale of the Comapny is a ploy which every one has seen thru. There are no buyers.

Software's worst enemy is time. The depreciation is 30% per year and within 3 years it is junk. What is worse is GEAC started acquiring other peoples junk thinking they found bargains. That last CEO was the culprit.

I dont believe the Book value is now even a dollar. If it is higher, it will get there quite soon.
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