Cosmo,
As you know I have no knowledge of GKI's product or it's potential. My perspective on this stock is based more on analysing the past behavior of management and the company.
That said, the negatives I see is the shareholders suit, the Norville and Compaq resignation's and the fact GKI has yet to sell anything other than stock (of which a lot exists that can push the share price down).
On the other hand they have 5-6 million that should allow them to survive for at least 1 year, given the fact that they'll have to spend some money to launch a product, should they come up with on. Additionally Canion still sits on 2.5 mil shares that are illiquid. I'd imagine if GKI has a product, he could help them place it somewhere (software where they bundle it with computers etc..), however in this senario price is the driver. Lastly putting Shelly's face and name on it should spruce the package up a bit.
I guess my take is that the future may hold another "last hurrah" so to speak in terms of pumping the stock, however I do think it's a bit early for this to happen. Cosmo, if it does happen don't ride it down.
I just checked and as of noon eastern time, GKI was trading down a teenth on vol of 4k whereas avg. vol is 177k. Near term looks horrible. I'll continue to follow and if it near's $1/share I might be tempted to buy a couple of k assuming at that time the above senario still looks like a possibility.
Anyway you get the jist of my view. What will actually happen? Wow show me a guy that can predict the future and my money is on him.
Good hunting Cosmo!
BTW below is the most recent press release for GKI;
GK Intelligent Systems Announces Vice President Appointments
HOUSTON--(BUSINESS WIRE)--Oct. 16, 1998--GK Intelligent Systems Inc. (AMEX:GKI - news) today announced the addition of Daniel C. Hollander and the promotion of Cynthina Heinsohn to vice president positions at the Houston-based developer of intelligent training software.
Daniel Hollander, who joined GK Intelligent Systems in September 1998, has been named Vice President of Customer Service and Fulfillment for the company. Before joining GK Intelligent Systems, Hollander was vice president of retail sales and customer service for Telescan. He has also served as regional technology manager for Ernst & Young and manager of information systems support for Ericsson Radio Systems. He holds a bachelor of science degree in civil engineering from Ohio State University.
Cynthina S. Heinsohn has been promoted to Vice President of Enterprise Computing. She first joined the company in May 1997 as a consultant to develop the first prototype of the ''Smart Enterprise'' software product, and was later named senior analyst, then director, over the project. Heinsohn formerly served 17 years at Exxon where she assisted senior management in operations and headed strategic budgeting and planning.
The executive changes announced today were the first at GK Intelligent Systems since the September resignation of officer and Director Rodney L. Norville who returned to private practice. Norville will remain as a consultant to the company for one year.
GK Intelligent Systems Inc., with headquarters in Houston, Texas, and applied research facilities in Atlanta, Ga., is developing intelligent training software that dynamically adapts to the learning styles and abilities of individual users. The company is planning the 1998 release of its first CD-ROM product based on the exclusive ''Smart One(SM)'' technology. ''Smart One'' combines artificial intelligence, multimedia technology and advanced training techniques to achieve a significant advantage over traditional training methods.
Statements in this news release that are not historical facts, including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results are forward-looking. Forward-looking statements involve risks and uncertainties which may cause the company's actual results in future periods to differ materially from those expressed. These uncertainties and risks include changing consumer preferences, lack of success of new products, loss of the company's customers, competition and other factors discussed from time to time in the company's filings with the Securities and Exchange Commission.
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Contact:
GK Intelligent Systems Inc., Houston
Investor Contact: Randall Habel, 713/840-7722
or
Awalt Group, Houston
Media Contact: Jeff Awalt, 713/224-3525 |
