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Microcap & Penny Stocks : Genesis Media Group, Inc (GNNX)

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To: Due Diligence who wrote (98)4/17/1998 5:38:00 PM
From: BILL L  Read Replies (2) of 3129
 
I believe Many of us who was in DGIV at the early stage had asked ourselves the question" how could this company was under 1 dollars?" We took a small risk while digging the answers and learnt about the company. DGIV was flying to 1, then 2, and 3, ...till 6. and still going higher. Can GNNX do the same thing? Let us agree on one thing here. If a company has a $60 million contract, and had a profitable history, should it just worth at 1?. If we think a revenue of 5 million worth .40. then 60 millions contract should bring its value up to 3-4. even more. If they are close to finalize other deals, the price is too good to predict right now.

As I said earlier, we need to move gradually, and dig out more about this company. given the momentum like this, the price can fly higher and higher in a matter of days. this is always the problem with OTC stocks. I will welcome people post your questions, and do our own DD either calling the company directly, and read SI.

Again, let us have a happy run....good luck
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