To: Buckeye who wrote (649 ) 1/11/2000 5:00:00 PM From: JP Jouver Read Replies (1) | Respond to of 1063
Buckeye, I'm glad your wife got out---I never like to see someone lose money on a stock. But enough of the ranting and raving, let's see some analysis, folks. Foremost, I'm glad to finally see some concrete data on what they've been doing this whole time. I personally think ShopGoOnline and Auctionomics are a joke, so I focus on the kiosks. (If anyone saw income per kiosk, can they post it here? My flu medicine kicked in halfway through my reading, and I fell asleep.) I like their plan, especially their goal in terms of numbers of kiosks and the fact that they have two suppliers now. And 169 installed is nothing to sneeze at---it shows us that half a million dollars was used for something tangible . Financials? I'm a doofus. I hope one of you whiz's can pick these apart for us. I'm just happy to have them (finally!). I see they're deep in the red, but that's to be expected since I view them as a start-up. I know, I know, they've been in business for years. But they have been casting around, looking for something to succeed at, so I think they have been re-inventing themselves over and over. Each time they do this, it's back to square one. I think that maybe they've gotten it right this time. My personal bottom-line is that I will hold. My main fear with GONT has been that it was a total scam, that management was just floating shares and pocketing the money. And BS like SGO and Auctionomics were a smokescreen to make us think they were doing something, without having to really invest any capital in something (web sites are cheap to make). But we will now be listed. And we have financials. Not very pretty financials, but we have them. I won't say that Joe is the Wizard of Wall Street, but I think he is trying to run this business successfully. I'll wait and watch him do that. As a side note, I can't help wondering why the longs/hypesters on Raging Bull are still contending that PR's are coming and will shoot the stock up to $4. Didn't they read the 8-K? What more do they want? (Today, Joe Naughton walked on water.... ) ;-) I'm betting none of this was a major education for anybody, but it sure beats the heck out of the "GONT is a winner! ", "GONT is a loser! ", "GONT is a white buffalo, Ug! " posts...... Jape