GGNC - GIC/Global Intertainment Corporation Message Board

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

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To: william Velmer who wrote (746)	11/30/1998 9:13:00 PM
From: Nittany Lion	Read Replies (1) of 2585

william, From your post: Based upon 12.5 million shares outstanding and est. earning of $11 million for the current fiscal--before taxes---equal around .75/sh. Est. PE for fiscal yr equals 5X!! From the Co. press release: The Company expects that wagering revenues placed through their Cyberbetz Casino and Interactive Sports Book will exceed U.S. $75 Million, with gross profits* of U.S. $11.2 Million.* Gross profit to me indicates before operating expenses, whereas your calculation sounds like net profit - my question is, which is correct? Gary

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