Global Intellicom--Symbol GBIT Message Board

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Microcap & Penny Stocks : Global Intellicom--Symbol GBIT

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To: R. Gates who wrote (894)	10/5/1998 7:05:00 PM
From: Michael Graham	Read Replies (2) of 1096

For what it's worth, here's my take on the CC: messages.yahoo.com@m2.yahoo.com I heard most of the call, but not all of it. I missed the first part of what Norman Muller had to say. The higher stock price (of $7 to $8) was based on earning multiples of 20 to 25. The company can't legally comment at all about the IGHS deal until a formal proposal has been submitted by IGHS to GBIT and the GBIT BoD can meet and discuss it. GBIT has met with IGHS management. GBIT hired an outside consultant to review IGHS software and it got high marks. The software is currently installed in about 192 hospitals of which 159 are in Ohio. IGHS has about $20,000,000 in contracts. Regarding Nasdaq delisting... GBIT met with Nasdaq and usually you hear during the meeting whether there is bad news. They didn't hear anything negative. So the belief is that they will not be delisted. There are about 300K reported shorts. It is estimated, by Liberty I think, that there are more like 1.2 million shorts all together. They have requested the SEC investigate. GBIT's leading lender requires that they use the accounting firm they are using (instead of a big 6 firm). After the lender is paid off they may consider changing accounting firms. CREDIBILITY was they main topic discussed. Why can't GBIT shareholders get answers to simple questions like Outstanding shares and status of IGHS possible acquisition and status of a stockholders meeting. The OS have changed a lot recently due to conversions and NASD will not allow GBIT to discuss IGHS. Any unanswered questions will be given to GBIT and hopefully answers can be posted on the web. The estimated OS are 12-13 million. Series 6 and 8 have been retired. The feeling is that we may hear something about the IGHS deal in about 2 weeks. If the merger goes through the short would have to cover. A fax # was provided 360-676-9493 to fax any questions or concerns we have to Liberty and they would be forwarded to GBIT. I heard .07 to .08 EPS for this month. I'm not sure what that number represents, because at the end of the call I heard the .15 number bounced around again. Maybe someone else can clarify this part. GBIT if profitable going into the 3rd quarter. I heard something about 37 million dollar revenue stream, but once again I didn't hear the whole thing. The Kalon (spelling) Research Letter recommendation of GBIT was mentioned, with a sell point of $7 to $8. That's about it for me. Once again this was MY INTERPRETATION of what I heard. Hopefully others will post what they heard so a clearer picture can be made regarding the status of GBIT. Mike

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