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Microcap & Penny Stocks : GGNC - GIC/Global Intertainment Corporation
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To: Orwell who wrote (1816)1/23/1999 12:48:00 PM
From: Baz Luhrman  Read Replies (4) of 2585
 
George,

Be very careful with GGNC as I will be very careful in the way that I word this. Grant it GGNC is well positioned and has a great site. However in order for this company to take off they need to become fully reporting.

I happen to know from some very reliable sources in Vancouver that insiders are dumping there shares. James Chu is as arrogant as they come. He's already made all that he wanted to make on this company. He's running around the Pacific Rim making playing the playboy and the bigshot with all his Asian friends. He's dumping shares and that is what has kept this thing from running to ten. He's only got three people in the Vancouver office which I suggest are losing patience with all this shit.

I'm not suggesting that he's going to walk away from the company. But what I am suggesting is they're not going to come out with any numbers this month and if they do by some chance there not to be believed. The company is a self perpetuating. He won't walk away from it but I predict when financials don't come out investors will lose patience and confidence and the stock will take a dive. At that point they'll get new people in, attempt to reorganize and give it another go.

Please don't accuse me of bashing the stock or shorting it because I'm not. I was very long on this stock until the past week. I bought into this stock at the 1.00 range.

Take it for what its worth. And with all that said I could be totally wrong but I don't think so. I did my DD and bought this stock and I did my DD and sold it.

BAZ
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