GGNC - GIC/Global Intertainment Corporation Message Board

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Microcap & Penny Stocks : GGNC - GIC/Global Intertainment Corporation

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To: blessed who wrote (265)	11/16/1998 8:25:00 PM
From: interesting man	Read Replies (2) of 2585

Hi Blessed: I just cant understand how the company can say that if they do $35 -$40 Mil in revenues(handle) fiscal year 1999 that they will earn $12 Mil or $.84 earnings per share. This just doesnt add up. First off if revenues are indeed the handle then $35 Mil in handle only on average will hold 4% which is $1.4 Mil. If GGNC gets 80% after paying country of Dominica(20%) then you have $1.12 Mil net revenues.Then you have GGNC own expenses. How do you come up with $.84 a share with 11.2 shares outstanding. The way things are going the shares might double again by next year. I dont have that big of a position in this company, however that is besides the point. I am not saying you or anyone else is misleading but there are just too many things that are not adding up. I guess I dont have to invest in this company, but I just see a lot of potential for the right company to capitalize in this industry. I hope this stock goes to $100, who knows. I dont mean to be negative I am just going to sit back and see what developes. If I lose my money oh well. If I feel it is time to invest more I will. But right now I am in my comfort zone so I will shut up.

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