GTTIF - What's the latest news on Grandetel?? 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.

Technology Stocks : GTTIF - What's the latest news on Grandetel??

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Doug Eichorn who wrote (38)	12/16/1997 3:12:00 PM
From: Albert Shilin	Read Replies (1) of 58

Hi, Doug: It seems that it is very quiet here. I find some discussion in yahoo: messages.yahoo.com It is very interesting. I said before that there were a lot of people bought this stock in higher price (including me) and still hold it. It is really ture. They would not sell it even GTTIF reaches $2. The stock was weak a few days ago and it rebounds nicely these two days. I called the management in Hong Kong and talked to the president. (1) The management "were very excited" about the main lawsuits were being settled down. The plaintiffs at first asked for about $100 million. Hence, although the $10 million for the settlement is a lot, it is only 1/10 of what the plaintiffs asked. The last lawsuit is relatively small (Trial of the lawsuit is scheduled for early 1998). (2) The company's future is "very bright" after the lawsuits. They can borrow money to stimulate the business. (3) The third quarter report should be out in the end of this month. (4) They have not decided what to do for the new NASDAQ list rule. I believe that the company and the stock should do very well next year. Albert

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next