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Non-Tech : Global Games Corporation is on the move (GLOW) -- Ignore unavailable to you. Want to Upgrade?

To: Leibo who wrote (242)	3/11/1998 6:13:00 PM
From: CO	Read Replies (1) \| Respond to of 720

Leibo, Call the company and ask them about their EPS estimate and their projected revenues for 1998. Then we will see what you think. Cheryl

To: Leibo who wrote (242)	3/11/1998 11:40:00 PM
From: Brad	Read Replies (1) \| Respond to of 720

Hi Leibo! I certainly agree that it's never done till it's DONE! However, some of the problems GLOW experienced have been, or are being corrected. Mr J (the old CEO) has been successful in some other things, but I think something went haywire for him here. He has apparently been replaced. I understand Mr Borglund is now Pres & CEO. In my calls to the new management at GLOW, they have indicated the importance of meeting these EPS projections. They have seemed straight forward and honest about their strengths AND their weaknesses. To me, credibility is the thing that stands between this stock being 10› or being $5.00 or more. Perhaps Mr J was having trouble directing the use of funds... I don't know. Perhaps his management lost credibility. That might explain the drop in price from a high of around 40› in October (and $1.40 just 21 months ago) down to a low of around a nickel. Now the stock is starting to rebound. Mr Borglund has the opportunity to establish confidence among shareholders. I believe his efforts to retrieve 16 million shares and REDUCE the float substantially is a tremendous beginning and a very positive step forward. I DO think the change in leadership is a big turning point for GLOW. Credit card processing alone can be a highly profitable business. Personally, I think GLOW has an excellent chance of reaching about $70 Million in revenue for fiscal 1998. Profit margins in those industries are extremely high... 30-50% is not out of line. With 41 million shares outstanding (after retrieving the 16 million), GLOW would need earnings of about $20.5 million to have 50› EPS for FY98. At that rate, they would only need revenues of $50 - $70 million to achieve that. I think it's certainly attainable in those industries. If the total shares outstanding wind up less than 41 million, then obviously revenues could be even less and still reach 50› EPS. As Mr Borglund continues to demonstrate sound management and strong leadership, I think the stock price will continue to rise to reflect those characteristics. If he performs well over the next 9 months, I can see this stock steadily rising to the $5 dollar range or better. Your thoughts are well taken. And I agree that "performance counts." I just think Mr Borglund's performance is already far better than what GLOW had before. Here's hoping for all GLOW investor's that this train has finally hit the fast track... successfully! Best wishes, Brad