Global Intellicom--Symbol GBIT Message Board

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Microcap & Penny Stocks : Global Intellicom--Symbol GBIT

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To: FatMatty who wrote (1018)	11/24/1998 7:11:00 PM
From: David E. Meyer	Read Replies (1) of 1096

The answer is GBIT is in a death spiral. The convertible financing is killing the company. Read the 10Q it's all there. A lot of the warrants that had a warrant price of $3 and above are now $1 warrants. Global has done nothing but print stock every time they need money. The only hope now is that the IGHS merger goes through. I afraid that will allow the management to pump up the price to dump more share on the market. I will depend on who gets control IGHS or GBIT. This is just my opinion... Dave M.

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