To: Ken Sammut who wrote (251 ) 5/1/1998 9:26:00 AM From: Mr. Miller Read Replies (1) | Respond to of 8879
Global Communications provides commercial Internet services, third party credit card processing, and Internet entertainment with bingo and lotto games. With the expansion of its non-U.S. bingo and lotto wagering and expanded Internet commercial village strategy, Global anticipates $100 million in revenue and over $.50 per share in earnings in 1998. This is taken from the November 1997 new release. The info is stated by the company. Give Brad and Cheryl a break. If the company does not meet these expectation, don't blame Brad or Cheryl, blame GLOW. I think many are now buying in anticipation of first quarter results. Though there will be no 10-Q for a while, there will have been results this past quarter. With the expectations from management of these revenues mentioned above, the quarter could have been a big one. The ECS announcement came out on Tuesday, and buying did not kick in till Wednesday and yesterday. It could be a buying upward trend in anticipation of the quarterly. Great website for GGC posted last night. The estimates are from the company. Keep this in mind. I think Brad and Cheryl did a nice job of summarizing this stuff for us. IF, and that is the big IF, this company can realize this revenue, then the stock is undervalued. Most companies put out projections. Some of you have been in since last year, so credibility that this company can do it is not high. Last year is history. Each new year is a new opportunity. It is just a matter of internet gambling catching on and the management doing a decent job of expanding. Along the way, do it right. Looking for another big day. Miller