We have been reading the various comments and concerns regarding GGNC. Michael Furr, President of Wall Street Research Group, Inc. recently conducted an in-depth interview with James Chu re: the various concerns about dilution, financing, filing of Form 10, placement of recent shares, short-selling activity, insider holdings, etc. He will be posting his findings on www.superstocks.net on the GGNC profile page shortly...expect to see it by Monday, Nov. 23 at the latest, possibly the next few days. The $35 million in Furr's report is an estimate of 1999 GROSS REVENUES, NOT THE "HANDLE". Based on that figure which Furr is comfortable with, he believes an EPS of $ .84 is reasonable BASED ON TOTAL OUTSTANDING SHARES OF 14.2 million (again, an estimate of how many shares MIGHT BE outstanding by the end of next year. The current number of shares outstanding is approximately 11.2 million. Go to the superstocks.net web site to see the recent Research Report, watch for the interview findings, and LAST, MR. FURR WOULD WELCOME ANY OF YOUR CALLS TO HIM DIRECTLY IF YOU WISH TO DISCUSS GGNC. He may be reached at (949) 699-0488. Good luck to all!! Furr's e-mail address is mfurr@superstocks.net
Jim Parker |
