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Gold/Mining/Energy : $0.50 & UNDER (Short term trades) -- Ignore unavailable to you. Want to Upgrade?

To: Ed Pakstas who wrote (271)	11/30/1997 1:47:00 AM
From: swot	Read Replies (1) \| Respond to of 783

To Jeff Coates, Just thought I would mention that I've been tracking GLI for the last year now. made some good money on them when the stock last shot up to .38/share. I'm a little bit leary about buying into them right now tho. The last time I bought in there was a lot of hype about Janik taking over and sinking almost 6 million (in real estate) into the company. Whether they incurred more debts with that, I'm unsure. The IR person is not very good at public relations (just my opinion) and keeping her on allows the air of deceit, that once engulfed this company some years back, to linger on. At one time the stock traded at about 17 dollars/share. But due to false and/or misleading reports put out by the company, the stock plummetted to .05/share. That was back in '82!!! it hasn't been able to pull out of the hole since. So why am I watching it??? I think the stock is capable of getting itself back up to the $3.00 range. However I believe this will take a few years. I've been waiting for the stock to drop back down to about .06 - .08/share to buy back in and I think this may happen by January of '98! The last 10k that this company put out was so unproffessional, it was obvious they still have a long way to go before they realize how important accountability is and how inexpendable investors/shareholders are! The chart shows a run every year in August. This is the third year it's performed like that. After August it spends the rest of the time settling back down. With Janik on board, things may change, but I would be very very very careful about investing in this company in the mean time. Thats all, just concerned for my fellow investors. Martman