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


To: Anthony Carli who wrote (599)1/7/2000 4:36:00 PM
From: Chris K.  Respond to of 1063
 
I don't know if you were serious about your question but I'll answer it anyway just in case there are others out there with the same question.

Is the stock worthless? NO
What is it worth? Only an MM would know

GONT will be thrown into the pink sheets. We cannot see any L2 on it just the last price and high/low of the day.

MMs love trading stocks on the pink sheets because they give them terrible spreads thus making money with the difference between buys and sells.

The average volume falls drastically and stock credibility falls.

Will it ever go reporting? Possible. Stocks that have went pink and then returned are numerous but little seem to recover from the lost of interest.

It's a really sad story with GONT (JNNE) because they could have easily sold a couple of hundres shares when the stock price was over .75 so they can have the money to hire competent professionals to do the filing RIGHT !!!

Good luck to all. I'll check back some time in the future to see what's up with GONT.

CK.

P.S. Here is the link stating the deletion of GONTE from the exchange.
otcbb.com

EDIT: on a more positive note:
GRUB: got post 600 without even noticing it.
LOL '-)



To: Anthony Carli who wrote (599)1/7/2000 5:17:00 PM
From: Double Dipper  Read Replies (1) | Respond to of 1063
 
Anthony, No not by any means. It isn't even official yet.
All that listing means is that the OTCBB has not received a notice of compliance yet by the SEC. The stock still has market place value - what ever that may be. What it does mean is that if the OTCBB does not receive notice by the 13th it will no longer be eligible for trading on the OTCBB and will then trade on the PINK SHEETS.

Kevin