Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Genesis Media Group, Inc (GNNX) -- Ignore unavailable to you. Want to Upgrade?

To: steve mcruiz who wrote (3090)	8/5/1999 2:47:00 PM
From: vestor	Read Replies (2) \| Respond to of 3129

Would like to confirm the r/s. Could you direct me to your source of this info.

To: steve mcruiz who wrote (3090)	8/5/1999 3:14:00 PM
From: Mike Sawyer	Read Replies (2) \| Respond to of 3129

Ouch!!! Where did you get this? I'm also glad you swallowed your loss a few weeks ago. I knew that this company was doomed from the first time I laid eyes on it. I can still remember how irritated the longs were when the stock was over $2 and I said it was toilet tissue. Now the truth is known. But it is not over! There will be new players and new suckers. There will be new PR's and probably new pump and dumps. Logan will probably be found to still have a controlling interest and the SEC will never do a thing. Many people that lost money on this last winner of a company will no doubt hang around and warn others but rest assured that they will have not friends for it. They will be labeled the loser from the last pump and dump that can't find anything else to do...until the day comes when that new batch of stockholders finds out that they got burned by the remains of Logan and friends. Always remember...when a company announces a reverse split the price begins a steady decline. So if they officially announce one I would not be surprised to see the stock drop to at least a nickle. Then on the morning that the stock reopens at the new split level I would expect to see a run followed by a distribution phase and final collapse as the same games are played all over again. Always remember...a great company with a bright future does not allow itself to be backed into a scummy pump and dump like GNNX. And they sure don't go through reverse splits and come out healthy on the other side. I have have rode through one reverse split and watched this happen first hand. There are instances where a reverse split/merger-buyout company has come back after a long time of rebuilding...but the stock still dropped back to price levels in the pennies. BANY is one instance of this. It was a shell that was bought by Cameron Yost and he did a reverse-split. It reopened in the dollars moved up slightly and then begun its decline to below 20 cents. After a long period of building it has come back and is now in very good position. I was a buyer under 25 cents because I saw something coming. Maybe one of these days I will be a buyer of GNNX...but it will be after the reverse and the collapse back to 25 cents and after Logan is in jail and after I see real potential and not some pie in the sky BS like they have spewed since the beginning. Good luck to all...I'll check back every once and a while to see how well things are going. Cheers!