Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : GTTIF - What's the latest news on Grandetel?? -- Ignore unavailable to you. Want to Upgrade?

To: Doug Eichorn who wrote (31)	11/4/1997 1:53:00 PM
From: Albert Shilin	Read Replies (1) \| Respond to of 58

Doug: I agree what you said. I think the fun just begin. I don't worry about the last lawsuit and believe that in the worst case, the company could settle it at expenses about $3 million. Note that when the Grand Group took over this company, they knew all these lawsuit trouble since most of lawsuits came before the take-over. That is why they brought a lawyer into the new management. The Group spent about $20 million to get 1/4 of shares of GTTIF and have already struggled for 3 years to manage it. They could not make any money if they are not able to make GTTIF become a $100 million company. That is, GTTIF should reach $5. In order to get this target, the company has to make some real profit consistantly. I think that they can do it since they have cut all unprofitable parts and setup some new businesses which have big potential. Another thing which I like most is that there were no big boys in this stock till the end of last week. When good news comes, we have enough buying power to drive this stock up. On the other hand, I believe that a lot of shareholders have average $2, $3, even $10 a share with this stock. They would not sell until the stock price reach that price. When all lawsuits are settled, the stock should be a take-over target if the stock price is still low. Think about it. The Grand Group is a big Hong Kong company which also investing in China. They'd rather spent $20 million and fought hard against the former management to take over this company than setup a similar compan by themself. I think that the reason is that they know how hard to enter china's telecommunication market. This company has several valuable contracts with the government and it is said that the contracts themself worth a lot of money. Hence, even in today's stock price, the market value of GTTIF is about $20 million. I still think that GTTIF has way to go up. Let's enjoy the ride.