GGNC - GIC/Global Intertainment Corporation Message Board

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

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To: Mac S. Giballa who wrote (2070)	2/18/1999 4:42:00 PM
From: Mark Chamberlain	Read Replies (2) of 2585

IR at ggnc said 100,000,000 were available to be issued and that 20 million or so were out, that they could issued more if they decided too, my point the company started at 4 mill not 20 mill and headed to 25 mill, were is that money going to ? for what. how much etc. Too many shares will dilute earnings per share and there for not ever getting to a price even at a 50 pe that would be above 2.00. Too many share before sales and profits will hurt share price. Here is the question, not who many are out now, as we know that can change for 4 million to 20 million in 6 months, but how many more does the company have to issue, They say this has to be a pproved to do so, I asked how many shares are there, IR said 100 million . So that is the fact, no hype, call yourself.

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