Global Intellicom--Symbol GBIT Message Board

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Microcap & Penny Stocks : Global Intellicom--Symbol GBIT

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To: Mike Kaufman who wrote (49)	2/18/1997 7:02:00 PM
From: Douglas Harper	of 1096

Mike - In my opinion, today's GBIT stock price increase was the result of a drying up of an oversupply of stock comming to market. The stock price has been decreasing in the last week or two probably due to the sales of common shares accquired through conversion of the various series of Convertible Preferred Stock. It is my understanding that all or a majority these Convertible Preferred Stock shares have been converted to common and sold. Hopefully shareholders can look forward to excellent 4th quarter results and some positive comments from management about the future of the company.

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