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Microcap & Penny Stocks : Genesis Media Group, Inc (GNNX)

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To: Leslie Tack who wrote (2819)5/1/1999 12:45:00 AM
From: Ted M  Read Replies (1) of 3129
 
General message for GNNX believers:

I might add that this company (and I see no signs that anything is different) was in the 2 dollar range for much (maybe most) of last year (hit a peak over 4) until it became clear that little of what they promised was happening--most notably the 50 plus million dollar telecommunication deals. Yes, that is what they said. Plus over the same time the outstanding shares went from something like 6 million to 24 million. But I guess all of that is water under the bridge right?

My experience with GNNX last year was a learning experience. I share that experience here occasionally for those that seek the truth to encourage them to be cautious. I also am still a bit angry at what I perceive to have been blatant unprofessional and misleading press releases throughout all 1998. I follow a number of BB stocks and this one really stands out.

Call me a short or whatever, I don't care. Don't trust me. Don't trust the company. Trust yourself and do some more research.

This may be a great play for trading, but be cautious if you are tempted to believe what you hear and read.

Ted







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