Gaming Lottery Corp (GLXW) - Good Prospects? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Gaming Lottery Corp (GLXW) - Good Prospects?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Greg R who wrote (99)	9/20/1997 7:09:00 PM
From: White Shoes	of 473

Greg, I remember that Impathique analysis had Corel at $14 later this year. In other news, big writeup in the Globe and Mail about various companies' involvement in fishy stock-leasing schemes...not clear to me what it was all about but those watching GLCCF management have known for a long time that they were involved in something like this. Laser Friendly was mentioned in the article (former name of Gaming Lottery). It's not clear that anything illegal has taken place but it seems to have something to do with getting bank loans based on inflated & misleading collateral. All is never as it seems with the accounting practices of GLCCF. Thus don't believe the cash numbers, the stock buybacks, any of it. Where do you think the company earned all of this money? Asset sales, to be sure. But it's very hard to get a handle on things...someone should ask what the long term portfolio investments of $43 million are...and how they were acquired...is this a holding company? Is all as it seems? Do you really believe this management has the intention or capacity to make Galaxi World a success? Have they ever operated a successful business?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next