To: VAB cowboy who wrote (167 ) 10/10/1999 11:34:00 PM From: Grupo Brad Respond to of 1063
Good Evening Everyone, I have spent the entire weekend going over the SB-2 filing with a fine-toothed comb and making several phone calls to verify various questions that I had in regards to such. As you know, I refrain from putting things on public boards but I will make an exception in this case. My initial reaction was to call Mr. Naughton and ask "why the SB-2 rather than the 10-SB??? Mr. Naughton's direct answer to me was " that two very serious financial groups approached the company with substantial offers just prior to the "Shareholder's Meeting" and the talks became serious enough that the company opted for what everyone now knows". (SB-2) I then asked Mr. Naughton several questions about the amount of shares being registered and he rebuffed all my questions with "I'm sorry but we have extremely strong confidentiality agreements in place and our attorneys have put stringent "gag orders" in place regarding all of these agreements...you'll have to read our filing and judge it on its own merits". After having read the document several times it seems VERY apparent to me that the company has positioned itself with some strong allies considering the fact that they have already been advanced some $350,000,00 which the lender has given the company on a debt conversion which has 120 days before it matures. It would seem that these people are obviously confident in what's happening with the company. What happens to their money if the company (GONT) isn't successful in their filing and "Business Plan"????? It is also interesting to note in their financials and in their filing that they have prepaid their leases in both Buena Park and Chico for the year. If the company is broke and has no money how is it that they pay all their bills, keep building kiosks and have opened two (2) E-Commerce websites and have no debt other than to Joe Naughton and one other long-term investor???? I also noted that they have paid for their extremely expensive filing fees. I am very pleased to see that the company has indicated that they will use the proceeds into "growing the company" as opposed to having to pay off debt or issuing bonuses to management!!!!!!!!!!! Like everyone else, I too was concerned about 30,000,000 new shares being issued but I find great comfort that a very smart (shrewd) investor is willing to give OUR company $12,000,000.00. I am quite confident that they sure as heck will do all they can to protect their investment but more to the point-----they sure as heck don't want to see this stock price do nothing but go ---Up,Up, UP!!!!! I really like the fact that they have pledged money for another 1000 kiosks. In my calculations that gets pretty close to $4,000,000.00 in assets on the balance sheet and if we got $2,000,000.00 in cash---guess what all we need for "small caps"???? Yep--$4.00 trading price!!!! Keep this in mind also. We do not need to make profits to be "small-cap"!! We do not have to have significant revenues to be "small-cap"!!! What we do have to be is a vital growing company with strong assets. cash, and growth potential. This is what I and my group of people believe has evolved to this point in time with GONT. Again, as I stated earlier---I very rarely post anymore on public boards. I will be glad to answer any questions from my E-Mail group through E-Mail or by phone. Sincerely, "Grupo Brad"