Genesis Media Group, Inc (GNNX) Message Board

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

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To: Charger who wrote (1628)	7/2/1998 3:24:00 PM
From: slaffe	Read Replies (3) of 3129

I recently posted here that I would be going on a vacation and driving thru the LA area. I asked for people to post any questions they might have re gnnx as i was considering stopping by their facility. <post# 1503>. Nobody left any questions for me to ask. I had a low priority on stopping because I am comfortable in this position and had already made up my mind to to take the warren buffett approach to this stock --find an undervalued company, buy it, forget it. Yes, I am disappointed that this stock is down, but I have confidence that it will eventually move up, especially after visiting the co. I left Phoenix at six in the morning and at eight am I called for an appointment. I realized this was awful short notice and determined that if it was not convienent for them then I would drive on. I realized my dilemia with this line of thinking immediately. If I were to be put off, I would have questions as to why. So I determined that I would at least drive by. When I was finally able to get thru I was told that Mr. Logan was in a meeting and if I didn't mind waiting until after the meeting then I was welcome to stop in. When I got there I had to wait approx. 15 minutes for the conclusion of the meeting. Mr Logan is definitly a deal maker!! He made me feel very welcome and gave me a nice tour. The Digital equip is in!! We talked for approx. 45 minutes. I do not feel comfortable going into the details here because 1) I didn't take notes and it would be easy for me to misinterpret. 2) He mentioned several times that I should have signed a confidentality agreement, but because of the improntu did not. 3) Would not want to get Mr Logan in trouble for sharing what may be considered insider information. However I will say this. Several deals in the making, several news announcements coming, although not everyday. I asked Mr Logan why he paid for the majority of the SRI acquistion out of his personal shares. He told me that he did not wish to dilute shareholder value, That he would rather own 10% of something really big than 60% of something small. Does that tell you where this co is going? IMHO, I disagree with Daniel Wesson observation that he did not like the location of the company. I found gnnx to be located in a very nice business park with numerous complimentary surrounding businesses making it very easy to outsource. Per Mr Logan "A little piece of Hollywood outside of Hollyood" IMHO this stock is going up and I intend to increase my position. Longs in gnnx should have a reasonable time frame, at least six months. In short, adopt the warren buffett approach. Best wishes Steven Lafferty

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