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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts
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To: Boob who wrote (1263)4/28/1998 5:08:00 PM
From: Boob  Read Replies (1) of 25711
 
Sorry but that DD was just what I could find in 5 minutes..just got off the phone with GLCP and here's the results of my phone conversatio:

Outstanding shares 37 MIL
Restricted 27 MIL
Float 10 MIL

They have been developing and testing this system for years and it has already been delayed for over a year as they finalized and worked out the bugs now it is ready to be deployed. They are going to FCC tomorrow to get approval of their system and then the contracts will come in fast. They have several contracts on the table, some are
finalized (assuming FCC approval goes through) and some are near fialized...total potential business from contracts on the table totals $300 MILLION...FCC approval takes about a week so next week should be nuts!! He said contracts (news releases) will flow on a weekly basis once FCC approval comes in. People have become impatient with this stock thinking they'd never get it up and running. Well now they
have and setup is a week away.

Already 100,000 metres of service finalized representing over $70/metre or $7 million plus the contracts on the table from all over USA and Brazil.

I can't believe this one is under a dime...once the FCC approval and some of these multi-million contracts become finalized this one should explode.

Looking forward to the weeks to come,

Boob
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