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Microcap & Penny Stocks : GGNC - GIC/Global Intertainment Corporation
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To: Mac S. Giballa who wrote (2076)2/18/1999 8:53:00 PM
From: Mark Chamberlain  Read Replies (1) of 2585
 
5 million share vs 25 mill= low price per share

If GGNc has income in a quarter of 32 mil and the net is 10% or 3.2 million lets say, 5 million shares give them .64 cents a share, we could expect a 20 pe based on CRY.TO price. for 12.80.

25,000,000 shares out on the same 3,200,000 profits would be
.13 share rounded and at a 50 pe 6.00 per share,

that is why how many shares out is important, these stocks will be rated on earnings per share just like all others, and they will at some point find a expected PE in the sector, IF GGNC adds share at the rate they did in the last 6 months you can forget any price higher than 3.00,

I bought this stock reading the research report of 5 million shares out, not 20 million. so where does stop? Should we not ask that question?
Ebay did not have 20 million or yahoo or any others, the small float was what make them rise. If the company got more investor concern of this maybe they would not do it in the future.
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