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Gold/Mining/Energy : American Gem (GEM) -- Ignore unavailable to you. Want to Upgrade?

To: JAS who wrote (432)	8/27/1999 9:38:00 PM
From: pal	Read Replies (1) \| Respond to of 464

How could they not have a loss in first quarter given nothing significant has been producing revenu and expenses for R & D and the development of portals has been ongoing.Web site for Sapphires was only introduced 6 weeks ago and is more or less a side line.If indeed they are at $.40 a share cash worth and GEM is trading at $.50, thats not much of a premium.Share price should be much higher on that basis.I don't agree however that .40 a share cash worth based on 131 million shares is accurate;Isn't it .04 cents a share.Anyways, no surprises here.