ok, it seems that there are some issues that need straightening out here.
1.Are they profitible?
For the last two years, GSIC has shown a profit of almost one cent a share each year. The 1998 financials are being audited and should show a loss for many good reasons that I don't want to waste time on now.
2. website:
I agree that their marketing agreement with go2net seems premature. It is a great idea, but they aren't even operating in the US yet, and don't have their ordering system up yet. So what are they directing mass numbers of people to their site for? It seems that it would have made more sense to send out a release stating their web intentions, then another when it is complete, and when they are up and running in seattle, etc, then make alliances.
3. Where will the co trade at?
Given what has happened so far and my experience with the company, I would say it is more likely that we will go down from here than up. With that said, I would be thrilled if we went to 2-3 bucks, but it won't happen overnight. I too am concerned with the trading pattern on the stock. It really seems like someone is dumping massive numbers of shares. How else to explain this very lackluster performance in light of the most positive news in the company's history (except for the 700,000 financing recently received), and the fact that this is now the cheapest internet play out there. With that said, I have invested long ago, and will continue to hold. GSIC is on the cusp of great things. It will take some time. People who were hoping to make a quick hit will be frustrated, and sell at a loss, further driving down the price. The point is, if you have some patience, see where we are in a year or two. The co has a great idea and is about to expand into the US. I can wait one or two years for 2-3 dollars/share. Can you? |
