SI
SI
discoversearch

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 ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Shawn Springer who wrote (2237)9/15/1998 3:28:00 PM
From: Tom Brown  Read Replies (1) of 3129
 
You have used pretty strong words. Is it possible that there is a typo? I reviewed the financials for your comments, and you were right. the notes to the financials for both 12/31/97 and 6/30/98 say $100,000. However, the notes for 3/31/98 say $1,000,000! IMO, it is a typo. Also noted that on the 6/30/98 financials the "marketable Securities" on the balance sheet have no amount, yet the total assets add up properly. And the details of the "other assets" of $3,937,650 are correct. But look at note 9....Company bought 1,000,000 shares of TNNS for no cost! Maybe they issued GNNX shares for TNNS shares, which accounts for the increase in outstanding shares. Quite honestly, I am confused by the first and second quarter statements.

I did receive an answer from Tina at Gnnx to my nine questions. It will be posted here fairly soon.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News