Genesis Media Group, Inc (GNNX) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: LT who wrote (1663)	7/10/1998 1:59:00 PM
From: FARRIS	Read Replies (1) of 3129

Well, I certainly never said anything about it. I, in fact was astounded when I returned from a vacation to find a stock I paid about .40 for was at over $2 in a handful of weeks. It kept going, I read a little and held. I finally sold at a good, solid profit when things started looking bad to me. People hear big figures like $160 million and think that is some great thing. I wish I could share a typical telecom contract with you all. There are a lot of non-performance clauses and what-not to protect the CARRIER. The customer usually takes it in the pants if anything happens with market pricing. I do not KNOW that this will happen to GNNX, all I am saying is they do not own ANY of the means to my knowledge and that is not a good position to be in. The company I represent OWNS a lot of hardware and amazing self-developed software. They are less than 3 years old and still private. They are rolling $100 million in revs and making great margins. GNNX cannot do that unless they invest in the MEANS. If I am talking out of ignorance -- let me know. I stil think .50 is going to happen shortly -- ON THE BID. Eric

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next