Genesis Media Group, Inc (GNNX) Message Board

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

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To: ajs who wrote (2926)	5/7/1999 12:59:00 AM
From: Mike Sawyer	Read Replies (1) of 3129

ajs, I think you are missing just a little information. I have been here since the days that GNNX was telecom hyped to $4. I knew of the stock from when it was HSTV and I had an online buddy invest in it. They began pumping out crazy press releases and he asked my opinion. Then HSTV came out with a new PR that was hyping a deal with Elvis' hairdresser to endorse a product on an infomercial or something...can't remember exactly. I got a good laugh and began to watch the stocks PR's to see what else would happen. A short time later HSTV up and merged into GNNX. The amount of shares doubled as the telecom hype started hitting SI and then the stock broke out and ran to $4. I didn't own any and was not unhappy in the least as I had just came out of big loser telecom deal and I knew what it took to put a real telecom deal together...and I knew that GNNX didn't have what it took. My buddy who now owned GNNX stock at around 25 cents was going crazy with excitement. I told him I would sell and sell fast before the bottom dropped out. At that time the stock was over $3 and I told him it was going to go back and fill in the gaps as there were no revenues yet and the spike was pure hype and it would not hold. He sold and told others why he sold. Needless to say people wanted to tar and feather him. Now he doesn't look so dumb. I stuck around just because it was so interesting for me to watch how the company ran the show with this stock. I learned a lot by sticking around. I have never owned a single share of HSTV or GNNX and never will. But I think I know the story better than many stockholders. Much of what I say is totally my opinion and I am entitled to post it on this forum. If I am wrong then somebody can prove me wrong and I'll be the first to admit that I was wrong. Why does it upset so many people when I talk about the press releases and try to look for the catch in every single one of them? So far I can't think of a single one that has actually proven to be a good thing. Only time will tell if this company is going to really change. So far I have not seen it.

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