The problem might not be with gmgc's
technology but definitely is with the
stock manipulation.
Look at the intraday chart on gmgc.-
finance.yahoo.com
I am surprised that this stock has not yet been
delisted. And/or a reverse stock split.
Good points Challo:
The other day when it traded over 8
million shares only to finish lower,
smacked of manipulation... Nonetheless,
The revenues are growing... If they can
keep afloat another year, we could see
them get out from under the yoke of
dilutive financing followed by a
move to profitability... They have a
product that many companies need... If
they can increase their customer base
they make money... The new mgmt is
performing better than the old mgmt...
It will probably take another year for
this story to play out... As for
delisting, if it happens, it won't
interfere with the day to day business...
They will still have a product that GM
and others will be using... Note the
growth in licensing revenues...
Three-month Periods Ended
March 31, March 31,
2002 2001
Revenues:
Service revenue $ 1,781 $ 1,145
Service revenue 244 55
Licensing revenue 447 16
--------- ---------
Total revenue 2,472 1,216
This story isn't finished yet...
Jim |
