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

To: Mark[ox5] who wrote (271)	4/23/1998 1:53:00 AM
From: Russel W. Kennel	Read Replies (2) \| Respond to of 3129

Actually, yes, I am surprised. I didn't know that this was going to be the significant developments that had been indicated. Although, I understood, (from reading the package prepared last summer) that GNNX had four business functional areas. (i)Music library with actual book value of $45 Mil, (ii)Internet (Net-Ex)connection system, in which they wire buildings for fast internet connectivity for business tenants using the latest Lucent Technology systems, (iii)Movie making using their state-of-the-art studio, and (iv)Marketing of all kinds of sports stuff, and deals with NFL, and other franchises. The music library itself could be sold off in pieces if necessary, and it only becomes more valuable for multi-media uses, and as the musicians get older, die off etc. I can see how the four areas outlined above may fit in with a telecommunications network. I am imagining that this may become another high flying "internet" darling stock. At least I hope so. Incidently, the unkind remarks about the Goldbergs were uncalled for in my opinion. It was their unflagging faithfulness and patience in answering my numerous calls all these months, while at the same time not devulging inside information which helped me stay with it. Jay has been around a long time and is probably valuable in guiding this fledging company into the public arena. I came to realize and believe that there really is some substance to this company which would some day manifest itself. But as to the contracts, I don't know any more than the rest of you. Maybe the Goldbergs' lack of sophistication was really a benefit in disguise. I have seen too many really slick PR operators hyping stocks that never should have been publically traded. Anyway, I hope this continues. Incidentally, I have always believed that the price will nearly always come back to fill the gap in the chart. GNNX has one at around $.75 and another today. Any bets on whether or when this will happen? Go GNNX! Russ