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Microcap & Penny Stocks : GGNC - GIC/Global Intertainment Corporation -- Ignore unavailable to you. Want to Upgrade?


To: King David who wrote (2473)6/19/1999 4:35:00 PM
From: E*Trader  Read Replies (1) | Respond to of 2585
 
JUST FROM GGNC PRs, IT SHOULD BE AT LEAST $5.00: for these reasons

1- If the estimated jackpot is $100 Million , how much the estimated profit for GGNC before the year is over?

2- April revenue: $5,842,688

3- March revenue: $6.3 Million

3- Other E-Commerce expansions are on the way

3- Audit by one of the top 10 accounting firms

4- Will be a fully reporting company this year

5- Planning to apply for NASDAQ listing

6- If GGNC plan to apply for NASDAQ listing, and NASDAQ requirement is to be above $5.00, then GGNC know that they can position their stock above that level within this year (6 months)

These information are from their PRs, not rumors, not speculations.

Rumors are:
1- planning to make software for online casinos and license this software to other companies.

2- working on some possible takeovers

Speculations are:

1- Comparison between GGNC and SNMM : after SNMM conducted an audit with the same accounting firm the stock went from $0.5 to $17.00. and also based on the fact that GGNC plan to have their own gaming software and to license it to other companies as SNMM does.

this speculates similar price range, SNMM is $12.00 before NASDAQ approval

I will be considerate and ignore both rumors and speculations and I will just stick to the FACTS that are already out their in the PRs
I would say that GGNC should be at leeeeeast $5.00