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Microcap & Penny Stocks : Global Intellicom--Symbol GBIT
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To: jacob deutschmann who wrote ()6/11/1998 5:44:00 PM
From: Liberty Capital  Read Replies (1) of 1096
 
A report on Global Intellicom, Inc. conference call

David Mortman stated that he has increased his stock position substantially. Several of the other directors have increased their stock positions. Which shows support of the company, belief in the ability of the company to produce revenues and earnings. Tom Smith, Howard Maidenbaum and Norman Mueller are all personally guaranteeing $20 million in loans for the company, which shows a tremendous amount of support for the company. Why would they put up their own houses, cars and bank accounts if they didn't think the company was going to be successful?

Expectations and revenues

Comparing it to 1997 where they did $51 million in sales. They had low margins and high overhead. Due to the restructuring of the company they now have a 27-30% margin instead of a 10% margin. Overhead costs have been cut dramatically, some estimate as much as 40%. Employee costs have been cut in half, because of that not only was 1st quarter profitable but Norman Mueller the CEO of the company expects that 2nd quarter will be better than 1st quarter and that the company will remain profitable all year.. Global Intellicom is expecting an average of $0.08 per share earnings per quarter or $0.32 per share for the whole year. At a conservative 20x multiple that puts the stock price at $6.40 per share. Who knows what they will do next year?

Come see more on Hot Stocks at libertycap.com or call us at 1-360-676-8072. Liberty Capital has been retained as the Public Relations firm for Global Intellicom and has a position of stock and options
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