GRIN (Grand Toys International Inc) Message Board

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Non-Tech : GRIN (Grand Toys International Inc)

GRIN 27.40

0.0%

Dec 5 9:30 AM EST

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To: Frank McVerry who wrote (164)	4/19/1999 11:00:00 AM
From: katmando	Read Replies (1) of 495

E-mail response from Ron Goldenberg, CFO: 1. First, GRIN CFO has always been responsive. IMO he has a good track record for straight talk. 2. CFO's paraphrased comments to my questions: a. FURBY: Very important. But, tighter margins than other toys. See 1Q earnings for more details. b. BANK LOAN: Line of credit loan being finalized in May. Better deal than present loan. c. ORDER BACKLOG ($15.7 Mil): Most of backlog is for current shipping. Some orders already for fall shipment. d. AR ($7.7 Mil): All collected in-house. e. WEB SITE: Will be improved. f. E-COMMERCE: Awaiting board approval. Should start this year. g. PRESS RELEASES: GRIN prefers to announce after initiatives are finalized. Refuse to hype the market. h. 1Q EARNINGS: Should be out before May. 4Q always takes longer because of end-of-yr audit by KPMG. 3. My guess for 1Q Earnings: Positive but lower than we want. Maybe about 10 cents. 1999 is big transition year.

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