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


To: R. M. Rosenthal who wrote (122)4/17/1998 10:26:00 PM
From: Philip Tung  Read Replies (1) | Respond to of 3129
 
What does that say to you?

pt



To: R. M. Rosenthal who wrote (122)4/18/1998 7:35:00 PM
From: Charger  Read Replies (1) | Respond to of 3129
 
R.M. - I cannot say that I "know" that the news services, P.R. News and Dow Jones, requested a copy of the contract, but my knowledge of business matters and my past dealings with the reporting media tells me that that statement which I heard from GNNX (from two different individuals, one being the IR and one being the Investment Banking institution) is more than likely correct. But please, do call the news services yourself and satisfy this question for yourself and report back to us. TIA

No, I have no idea what percent profit is expected. I took a "normal" business profit of 20% when I was putting my own figures together and then divided the astounding valuation by 2, just to be safe.

As to the two million being traded today, it says to me that 1) there is a lot of interest, and 2) there was a lot of profit taking AND re-buying. What does it say to you?

Charger



To: R. M. Rosenthal who wrote (122)4/19/1998 9:30:00 AM
From: Boob  Respond to of 3129
 
>The float is 3.x million shares. More than 2million traded today.
>What does that say to you?

And the price is also up 70%...don't forget recorded volume differs from actual shares trading hands from investor to investor...MM's double count transactions, add transactions all the time as they trade between them...I always divide volume by AT LEAST 2 to get a better understanding of how many shares have been churned.

Boob