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.

Microcap & Penny Stocks : Genesis Media Group, Inc (GNNX) -- Ignore unavailable to you. Want to Upgrade?

To: R. M. Rosenthal who wrote (121)	4/17/1998 10:27:00 PM
From: Gutterball	Read Replies (1) \| Respond to of 3129

After seeing what Meyer Group is valued at by ICSV, I'd say they don't have the critical mass to pull $60 million out of their ass. In answer to your question, payments on the $60 million contract are to be made in advance and weekly. The schedule of payments is not disclosed in the press release. And if there is a bond, why not cover the full value of the contract? If you read the ICSV announcement, the exact number of shares will be established following an audit of the Meyer Group, about 5/1/98. My question, What if the Meyer Group carries its $60 Million contract as a prepaid expense. How would that inflate their balance sheet in consideration of the number of shares ICSV will issue. As I understand things ICSV has about 30,000,000 shrs authorized. Seems to me, 60 million dollars of prepaid expenses would just about consume all of ICSV's authorized shares. Go figure!

To: R. M. Rosenthal who wrote (121)	4/19/1998 9:23:00 AM
From: Boob	Respond to of 3129

>Anybody know why the $60M is to be paid and what portion might be retained by GNNX as profits? GNNX net profits for this contract are 3-5% representing between $1.8 and $3 million Net profits or 10-16cents EPS for this contract alone...there are a lot more contracts on the table than most people here are even aware about....some smaller, some bigger than the most recent one. I'm expecting a steady release of contracts over the next couple of months which will help project this one to my $4 by summer price I have been projecting for a month. :-)Boob