Thank you Justin,
I wonder if you have called this IR line. If yuo have then i do not understand why you are still knocking this Co.
This is what I got out of it.
Firstly when you call this number you are getting "Chase equities"
They have been hired as Invester relations for SGMS, and supposedly as I was told, turned down TPIL when they came knocking on their door.
The reason they accepted the task from SGMS is, again as I was told because of the FUNDAMENTALS of this Co, and the management team in, and being put in place. WE have seen two recent additions, with another to take place real soon, the next, although I did not get a name, is going to raise a few eybrows.
Looking at the most recent appointees, one would have to think why would someone want to leave a job with a success like Iomega or a large brokerage house to come on board SGMS, unless they knew that something good was in the works.
SGMS is concentrating it self on two sectors:
Entertainment: Casinos and off track betting parlors ( of which I was told they are going to dive further in)
E-Commerce: China wire, and Y2K Beyond 2000 Solutions.
As for China Wire, there is a done deal with one of the four major banks, the gentelman I spoke (TOM) to claimes to have seen it, and is only waiting for release by the BANK, not by SGMS. They are waiting on the bank for two reasons, 1. When you make a deal, any deal with a larger player, you normally let the larger player call the shots as to the announcements. 2. When the BAnk stands up and mentions your name, rather than SGMS standing up and mentioning the Banks name, you get more BANG and UMPH!! The time frame is still two weeks but Tom believes it will have a significant impact on the share price. I asked if there were any numbers attached to this deal and he said yes.
As for Beyond 2000 Solutions, well they have a program that supposedly rivals that of Mcafee, and Norton, and has gotten a rave review in one of the PC Mags, he said he got a fax copy but was not sure which (perhaps someone here could follow that up with him as well as do somemore digging) Continuing, supposedly several fortune 500 customers are using it already among which he mentioned included 3M. Along with three channels of distribution that they will be using is a major retailer with 2200 outlets. The only one with that many outlets that I could think of is WALMART, when I asked, TOM said he could not say more, but estimates have them shelving many copies at each outlet.
As for todays price tank, well credits that to everybody's favorite guys the MMs.
Finally these guys at CHASE EQUITIES have been on the job 4 weeks, and TOM mentioned that they were looking for a good return on share price as they have loaded up themselves. When I suggested that 4 weeks ago the price was at .09 and that they could have easily seen a return of 200% already and sold their position, Tom assured me this was not the case, and suggested that someone holding this Co, for a little longer, should see a $1-$2 share price down the road.... no exact time frame was given, but he sure did raise my moral, and even, asked without my asking, if he could sent me the latest quartely report, aswell as futur projections for the different projects SGMS is working on.
Finally this is what I understood from my conversation with TOM at CHASE EQUITES, from the number that JUSTIN gave us in his POST. I followed his advise and called. I do not know if this is true information or HYPE, but it sure sounds legit.
I asked what other Companies do they represent and was told a total of four including SGMS. The others are PEAR and CASG both on the NAsdaq OTC, and the fourth is WWTI on the CDN OTC. I have not looked at all into any of these other Co's so if anyone is willing to venture be my guest, and let us know what you find.
By the way, I'm not counting anymore....Xavier was born Saturday, April 17, 1999 at 07H23 weighing 7lbs 3 ounces. Both mother and child are doing well, as for me....well now I have something else to help turn my hair gray, however I am sure that I will get more joy out of him than any stock..
Good night all
Paul |
