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Microcap & Penny Stocks : GGNC - GIC/Global Intertainment Corporation
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To: interesting man who wrote (248)11/15/1998 9:55:00 AM
From: blessed  Read Replies (2) of 2585
 
Hi Apavlovic,

I have asked IR to clarify whether the revenues they report is the handle, or whether they are actual revenues to the company. Their explanation to me was that the 1.56 million figure was gross revenues to the company. That to me means the handle was much more. Of that, operating expenses had to be taken out. So that should not be considered net revenues. Assuming the companies net is 5%, (I don't know what the real figure is, just a guess), this should have given them a profit of around $78,000.

I will try to get more information on this tomorrow, ie overhead, profit margin, etc.

Blessed
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