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Gold/Mining/Energy : GTR GROUP INC. (formerly Games Trader) TSE:GTR, AMEX:GIG -- Ignore unavailable to you. Want to Upgrade?

To: Professor Dotcomm who wrote (136)	11/5/1999 8:57:00 AM
From: Ruby	Read Replies (3) \| Respond to of 290

why is there so much resistance at 3.50-3.60. is there a release of cheap stock in the past 2 weeks or is it concern about next week?/

To: Professor Dotcomm who wrote (136)	11/7/1999 11:42:00 AM
From: Dettmer	Read Replies (1) \| Respond to of 290

Here we go...here's my guess on second quarter results: In the first quarter the company earned $150,000 on sales of $5 million. They have said that about 35% of sales is generated in the first half of the year and the balance is generated in the second half. I assume that sales of GTR's traditional business (video games ) have grown by 20% quarter over quarter. So it would mean $6 million. They owned Mad Catz for 1 month. Mad Catz had sales last year of US$62 million. That is US$5 million per month. The company has said that the sales cycle of Mad Catz is similar to GTR's, so let's cut back the September sales of Mad Catz by 25% and you get US$4 million for the month. Now, let's assume sales growth of September 98 vs. Sept 99 of 20% and you get US$4,8 million, or $7,2 million CDN. So my total sales prediction for Q2 is : $6 million GTR $7,2 million Mad Catz $5 million for Q1 TOTAL: $18,2 million My earnings projection is $500,000 to $650,000. We should soon find out how well they did in the second quarter. Anyone else wants to take a guess?