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Microcap & Penny Stocks : GLBM expected to earn $.25 next year - A buy at $1.25 -- Ignore unavailable to you. Want to Upgrade?


To: NAG1 who wrote (885)8/15/1999 1:37:00 PM
From: LT  Respond to of 938
 
I won't even dignify the "release" beyond calling it what it is:

It's a typical attempt by a small company to develop some share holder interest. Yes, I think the basic facts stated, are correct. Future share prices are, of course, at best just "wishes" at this point. But I understand the company's product is being accepted quite well and "real revenues" may be in the near future. Interest by a larger company is also not ruled out. For those reasons I will sit on my shares.

Regards

LT



To: NAG1 who wrote (885)8/16/1999 3:41:00 AM
From: Proton  Read Replies (1) | Respond to of 938
 
Re: Company Guidance

You are probably right about this but even if this is a fluff piece paid for by the company, you would have to think that it should contain some elements of truth in it, especially in terms of revenues and earnings. It is the first statement from anyone mentioning what revenues and earnings for the new merged company will be. If this part wasn't true, you would think that they would be opening themselves up to a shareholder lawsuit.

Those are valid points. We should not have long to wait. I believe 2Q numbers are due... right about now!

Proton