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Microcap & Penny Stocks : GONT - GO ONLINE NETWORKS ( old symbol: JNNE ) -- Ignore unavailable to you. Want to Upgrade?


To: VAB cowboy who wrote (167)10/10/1999 7:21:00 PM
From: pgmomni  Read Replies (4) | Respond to of 1063
 
the strong of what, heartburn? bought 2k at .38 only so if all this bs ever amounts to anything i wont be total pissed off instead of mildly pissed off for believeing the bs press releases. BTW, no one as of yet has replied to my question of where is the REVENUE? go ahead and just ignore me it only proves that LE is RIGHT!



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"