Greater China Junior Stocks Message Board

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Strategies & Market Trends : Greater China Junior Stocks

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To: Julius Wong who wrote (893)	8/20/2005 10:34:44 PM
From: blankmind	Read Replies (1) of 1992

Can I recommend Global National Communications Corporation (GLNC) - Bul Bd stock - 52 wk range is .62 to $9.60 - now @ .74 - & I think we’re headed back to the $10 level within 12 months GLNC is consistently profitable - but only works out to a few cents a share every qtr. GLNC makes phones & electronicsl for mainland Chinese market. Growing nice. So I cant explain the drop in stock price. Per 8-K, maybe the lack of filing is the reason for depressed share price - but 8-K says GLNC will file their 10-Q within 15 days after due date & teh acquisition delayed the filing - & no big changes in results of operatrions - so i guess that means they'll be profitable again - i just can't see why this stock is so cheap & not closer to the old ytd high of $9.60 on 4/7/05 they sold convertible debentures @ 8% - the terms are unbelievable - convertible option @ $4 - then warrantts @ $4.50 strike price - granted an 8% yield shows glnc isn't IBM-quality - but the conversion prices show that just several months ago that investors thought very highly of the company sales are growing nicely & just announced “400 Per Cent Increase in Sales Revenue for the Next 12 Months” biz.yahoo.com

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