** IMPORTANT...to all shareholders of GBIT **
Today's action is MM's lowering the bid/ask on this morning's real low volume.
There is also some shorters making outrageous statements trying to alarm some shareholders and get some weaker ones to sell.
Here is an example of a response I did to one of the shorters called Motiontech, from messages.yahoo.com
Just type in GBIT and look at the posts from about 860-870
You are outright lying about the earnings of GBIT....an absolutely incredibly slimy lie....shame on you. What you said is libelous.
THE TRUTH (from the Press Release below is easy to verify)
NET INCOME = $718,950
CALCULATED on: 7,988,345 shares used in the calucluation
EPS = 718,959/7,988,345 = .09 per share
FACT: 9 cents per share!
You Lied bigtime, Motiontech! (and there is no excuse for it)
You said:
FACT: last quarter net income was $270,000
FACT: EPS is being calculated on 3,000,000 shares
************
NEW YORK--(BUSINESS WIRE)--July 31, 1998-- Global Intellicom, Inc. (NASDAQ: GBIT) announced today earnings of
$0.09 per share for the second quarter and $0.15 per share for the six months ended June 30, 1998.
For the quarter ended June 30, 1998, the company reported sales of $11,992,523. Net income for the quarter was $718,950 or
$0.09 per common share. For the six months ended June 30, 1998, sales totaled $21,320,548 with a net income of $1,255,117 or
$0.15 per common share. There were 7,988,345 average number of outstanding shares as of June 30, 1998
ÿYou are outright lying about the earnings of GBIT....an absolutely incredibly slimy lie....shame on you. What you said is libelous. |
