Hi everyone! This is Jo Elkins from Liberty Capital, GBIT and DGIV's investor relations firm. We are posting this message to correct some concerns and misleading statements which were posted on the AOL Investor Forum boards.
Subject: Re: GBIT
Date: Sat, Apr 4, 1998 09:06 EST
From: Sellfirst
Message-id: <1998040414062201.JAA07435@ladder01.news.aol.com>
Ask the P.R. firm about their 7000,000 options at 2.00 and about the 3.41 illion dollar financing the just did and about the other one they are about to do.Don't get suckered into their trap.This stock will not stay up long.They hired liberty capital to try and slow the bleeding the stock will have as soon as the registration is approved.They will pay newsletters.No real firm will anounce a buy reccomendation prior to the release.BE
CAREFUL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Subject: Re: Liberty Capital
Date: Sat, Apr 4, 1998 23:54 EST
From: GOPLUG
Message-id: <1998040504553501.XAA26128@ladder03.news.aol.com>
Liberty Capital is a scam PR outfit out of Washington state full of ex Vancouver characters who are now specializing in pumping up dubious companies for their gain. Go to SEC Edgar and read S3 filing for GBIT and see how much Liberty is being paid. Don't fall for the hype.
Subject: Re: What Happened?
Date: Sat, Apr 4, 1998 10:05 AM
From: Sellfirst
Message-id: <1998040414051201.JAA09832@ladder03.news.aol.com>
You seemed to avoid the facts about the financing.This stock will fall and when it does it will be hard.Remember this warning.Call the P.R. firm and ask them about the financing,then I will show you a list of 100 companies that did the same kind of financing and you will see what happened to all of them.Look at TWTI,the P.R. firm ran it all the way up to 10.00 but now it is at a penny.These reg-d financings always kill the stock price.
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At this time Liberty Capital Group Inc, would like to discuss the above allegations made toward our business practice, on April 3rd and 4th by "Sellfirst" and "GOPLUG" They seem to think they know a great deal about Liberty Capital, and have attempted to enlighten the investing public on the AOL Investor Forum. We can only assume that these individuals are highly involved in short selling stock. Intelligent investors would know that being short on any market can be detrimental to a stock. We may be observing individuals who would like to see the stock languish, and may have a short position already. We at Liberty Capital do not recommend this type of investing!
1) That we hold 7,000,000 options is not only erroneous but is unconciencable and is clearly a manipulation tactic. Liberty holds an option on 700,000 not 7 million.
2) Price is not $2.00 but 2.75, 3.75, 4.75, 5.75, 6.75, 7.75, and 8.75 set in 100,000 share blocks and over a 3 year period of time! Liberty puts their money where their mouth is!
3) At the end of the 3 year period of time Liberty Capital will have invested a maximum of $4,025,000 in GBIT.
4) The 3.4 million in financing was done strictly as an interim play to a larger debt structured financing. GBIT has a call option on this stock which management intends to exercise. This financing was done domestically with long term individuals not short-term Europeans offshore. A complete listing of share positions can be obtained from the SEC on Edgar via the S3 filing complete with Liberty Capital's option and share position.
5) Many intelligent and seasoned investors have done their due diligence on GBIT and have found it to be undervalued.
6) Liberty Capital's Public Relations campaign is aimed at earning Institutional support. Large Institutions are very earnest in their due diligence and look for underlying value. If Sellfirst and GOPLUG are right, there should be no Institutional involvement. As it is, there are several Funds and Institutions buying this issue. Obviously, they see some value to the investment.
Liberty Capital has performed its diligence and has found the management of GBIT most capable. David Mortmean since coming on board has taken a company losing .37 a share and turned it around and made it profitable. The dramatic turnaround already in place will continue and investors can expect much higher earnings in the future. The company could garner a minimum of 20X earnings and should with .25 share earnings for the year be very comfortable at $5 per share.
Liberty Capital invites all investors to call for information on GBIT. We will make available any and all documents regarding our share position and corporate developements. Our phone number is 1-800-371-9117 or you can e-mail us at liberty@nas.com. Or feel free to check out the SEC filing for yourself at:
sec.gov
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