Genesis Media Group, Inc (GNNX) Message Board

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

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To: Tom Brown who wrote (2076)	8/15/1998 12:45:00 AM
From: Russel W. Kennel	Read Replies (1) of 3129

I'm probably off track on the os shares. But the os went from 6.8 mil to almost 22 mil almost overnight. To me, that changed the "value" per share to 1/3 of the former, and without a confirmed increase in the earnings outlook, you may as well cut the price of the stock by 2/3 in order to compensate. Of course we are assuming that the outlook has improved since then, but that has not been confirmed with hard numbers yet, and seems not to have been verified in the traditional manner. I put my GNNX proceeds into a stock that is now 1/5th the price I paid two months ago, so I'm no better off than you who rode GNNX down from $2 to $.50. Oh well, that's life in the fast lane. But I am even buying more, (of the other "AMEX" stock) averaging down. Good luck Russ

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