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Gold/Mining/Energy : Gensci Regeneration Sciences Inc. (GNS)

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To: Andras who wrote (160)5/11/1999 1:40:00 PM
From: Edward W. Richmond  Read Replies (1) of 225
 
Andras, it looks like the company is going to have to do more than add credible directors to the Board, if they hope to increase shareholder value. The stock is trading at $1.93. Yet, we have greatly expanded revenues and growing market share.
The problem appears to be the fundamentals of the company operation. It is obvious, in my opinion, that the administrative and general sales expenses have reached a level that would deter serious investors from considering the stock.
We will have the financial release soon. I will focus on the level of administrative and general sales cost. If they are still what I feel is very excessive, I will speculate that the rationale will be the cost of training more sales personnel. Hmmm! Have we heard that before? A FEW TIMES? I've seen a lot of "spin" on this company's result over the years.
This only speculation on my part. However, I expect to be correct on the financials and the rationale. Call me on it, if I am incorrect.
Still long on GNS but dubious about it's current operation.
Regards, Ed
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