Okay. I just got off the phone with Don over at Dutch Associates. Recall they are Genesis's investment banker. Incidentally, I called Wells Fargo Bank and they could only tell me that they have a company named Genesis as a client, but nothing else.
Hope I get this straight:
Why the increase from about 10 million to about 19 million outstanding shares? One for one merger with HSTV.
Any chance of reverse split or stock buyback? No comment.
Who did you deal with in Mexico contract? Providing wholesale long distance service(Not callback, Charger) to companies that want to be unnamed. The Meyer group being named in one of the contracts was a slip up.
How does the telecom work? Via switches. Allows a lower price for long distance.
Why not name companies? The business model they are using may be used by competitors for expansion efforts. (Come to think of it I do not know the answer to why not name the companies. I guess we could call them if we knew their names and get the scoop.)
Do you have other deals coming? No comment, but obviously working on them and do not forget about deals unrelated to telecom.
Why not do an IPO? It was an opportunity to go public without the long IPO process and the cost involved with the IPO. Also, GNNX had only ideas that generated no bites. Now, they are realizing those ideas.
Quarterly results coming? Within 10 days.
Getting on Nasdaq? Materials in process to apply. They can apply. but not be listed until they reach the $4 mark for 30 consecutive. So, they can apply now and wait for the price to catch up. They do not have to wait for $4 to start the application process. Form 10-K will be submitted by mid-May and will have offical 10-Qs from 1st and 2nd quarters together in July or August. However, we will get a press release for the first quarter results.
Are you involved with IP telephony, prepaid calling cards, or VON? Not at this time, but not ruling out the possibility in the future.
What about this Meyer Group whose name was released by accident? The information out on them for financials is incorrect in his opinion, but he does not represent them, so he really could not comment further to their overall financial status.
Can you send info? Yes, Their website is www.dutchassociates.com. His number is 1-718-850-4175. Don Logan or Lou Vector.
Why the increase from 19 million+ shares to the current 21 million+? Offering of shares to cover debt. Could not further comment on whether there would be a buyback or anything else related to shares. The company will do what it takes to add shareholder value and get to Nasdaq.
How do we know this company is for real? Come and see the contracts for yourself. 24 hours notice and sign the non-disclosure agreement.
I hope I represented Mr. Logan's answers exactly here. Please call him yourself. I found him to be level-headed and easy to talk to. I think there are many redundancies to my questions for some of you, but others may find them useful. I also know I missed alot I am sure. Call and get those answers yourself.
Hope this has helped.
Miller |
