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Microcap & Penny Stocks : ACCY - Accsys Global Network, Inc (NASDAQ OTCBB) -- Ignore unavailable to you. Want to Upgrade?


To: Alex Sharp who wrote (818)2/5/1998 11:10:00 PM
From: James Bowser  Read Replies (1) | Respond to of 1574
 
Went to the web site....none of my previous questions are answered there. What they do have is a model of projected revenues and profits, assuming they do 3 tournaments in 1998, 4 in 1999 and 6 in 2000. I have a tough time believing these projections. In addition, it doesn't help me unless I know the fully diluted shares outstanding. Past financials are also key. Anyone can make lofty projections, delivering the results is another story. I already think their are too many golf tournaments fighting for sponsorship revenue dollars already. Often on the weekends you can catch 2 tournaments on TV at the same time. If the demand was there and it was so easy to make money from it, more big companies would step up and sponsor high profile golf tournaments like Coca Cola or Dupont or Disney. I just don't see it and quite frankly have no idea why such excitement is being generated over this company. You would think these guys reinvented the wheel the way it is being hyped.