GLBM expected to earn $.25 next year - A buy at $1.25 Message Board

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Microcap & Penny Stocks : GLBM expected to earn $.25 next year - A buy at $1.25

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To: Dan Turner who wrote (672)	8/8/1998 10:17:00 PM
From: Proton	Read Replies (1) of 938

Re: Will They Buy the Cow When They Can Just Get the Milk? This idea of leasing systems for short terms is very smart -- whether for testing Y2 readiness or not. Some other companies I follow have improved their success (=sales and cash flow) significantly by adding a leasing program. This is especially true for products like the VCC, which is otherwise a fairly high cost item. Maybe, but it would have been a lot smarter had they done it, say, one or two years ago. My take on it is that they are engaging in reactive marketing: they have heard the "we're too involved with Y2K to consider your product" line so many times they felt compelled to address it. I'll grant you that "reactive" does not automatically mean "failed." If the plan works, it'll be hailed as a stroke of genius; if not... well, it was just more thrashing around by a tiny company trying to get over the power curve. I'd like to know who's financing the leases, how they'll book the revenue on them (sales to the leasing arm or rental income?), the exact terms of the leases, and how GLBM will dispose of lease returns (yeah, I know... "once a shop tries VCC, it'll never want to give it up"... yup, and their stock has been "a few weeks away" from a Nasdaq listing for well nigh two years). Maybe the 10Q will reveal all. :-) Pý

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