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Microcap & Penny Stocks : Genesis Media Group, Inc (GNNX)

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To: Tom Brown who wrote (2522)1/24/1999 5:11:00 PM
From: out_of_the_loop  Read Replies (1) of 3129
 
Tom:

I have followed this stock with you for awhile and sold my position a long while ago. I think it is a scam.

That is my opinion based on:
1. People have been unable to verify things that the company has released, and some of their claims have been directly refuted by those they claim to have agreements with, according to people who have contacted those companies.
2. The stock price has followed a pattern similar to many OTC scam stocks.
3. Their IR people did not last too long. When was the last time the even had a person in that position?
4. Their "lucrative" communications deals have not been realized in terms of the bottom line according to predictions in their own press releases.

I would recommend people just spend their money that they were thinking about "investing" in a nonreporting company with (so far) empty promises. If anyone invests here and loses, they have been forewarned by former investors.

I will not post on this board again but I thank you, Tom, for your efforts to educate people about this company and for the diligence you had as an investor when you were pursuing facts.

Regards,

Howard
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