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

To: DavidCG who wrote (745)	5/7/1998 11:49:00 AM
From: steve mcruiz	Read Replies (2) \| Respond to of 3129

Question for those more experienced with this stock than I: OK we know the MMs are keeping this thing from going up like it should lately. What I'm curious about is what's to say that they won't be able to keep it down once the financials are released? If GNNX wants to at least hit the $4 mark for Nasdaq listings, how will they be able to if MMs are playing their games? FWIW, no I'm not losing patience or faith yadda yadda yadda, but I've been burned before by stocks that are "sure-fire" winners, and I'm trying to be objective about this one. Thanks in advance, stevo

To: DavidCG who wrote (745)	5/7/1998 12:09:00 PM
From: Douglas V. Fant	Read Replies (1) \| Respond to of 3129

DavidCG, I'll take a slightly more conservative viewpoint, to wit: (1) Outstanding shares have about doubled, so let's cut profits from 31 cents to 15.5 cents share from ongoing operations; (2) $200mm in new contracts, but let's say for whatever reason the company only realizes about $40,mm annually; (3) Assume a conservative 3-5% profit margin on those deals, let's say 4%. Four percent of $40mm is $1.6mm annually, divided by the current 20mm shares outstanding. (4) That would raise per share eps from $0.155 to $0.23/share annually. That is a 50% eps growth rate, but let's say the Company can maintain a much more conservative 17.5% annual eps growth rate; and (5) Then 17.5 (growth rate) time projected earnings of $0.23/share suggests a conservative fair value on this stock of $4.02/share... Which means if the contracts pan out, then the Company is significantly undervalued... So we all on this Thread have an interest in the audited financials coming out shortly... BTW- I scrambled this morning to find more cash to buy GNNX when it flirted with the $1.43/share range. But I noticed that it already has jumped back into the +$1.50/share range... That makes me think that we are forming a new bottom on the stock here at $1.50/share range.... Sincerely, Doug F.

To: DavidCG who wrote (745)	5/7/1998 12:17:00 PM
From: analizer	Respond to of 3129

They are missing the big picture here!!!!! Genesis is held to confidentiality to the terms of their contracts, Disclosing information prematurely would land someone in Federal prison. The sceptics have to grasps the fact that the telecommunications industry is in the process of revolution. Global communication is the future with the new wave of digital and satellite TV. as well as many other areas. Genesis media group is looking toward the future, they are involved in the major areas that will lead them into the future, Which is KEY in growing the company. Just look at some of the major communication corporations and see what they are doing. You'll see many alliances being formed to go global. Genesis is not missing a beat heading toward the future. Thanks, KC

To: DavidCG who wrote (745)	5/7/1998 9:28:00 PM
From: Chris O'Keefe	Respond to of 3129

It still amazes me people are selling shares at 1.40 to MM's. It is amazing, but I'll try to describe my perspective on GNNX and why I'm not in at this particular time. First of all, GNNX is a hero to me. Several weeks ago, I was at a point where I had lost about 80% of my entire portfolio over a five week period. I was down to about $850 even though I once had thousands (I described all this in an earlier post on this thread). Anyway, I loaded up with as much GNNX as I could (1100 shares) at about 0.72/share. I sold in the twos and that play was followed on the heels buy another profitable one and before you knew it, I was doing all right. So, if only for sentimental reasons, I'm very pro GNNX. It pulled me out of the pit in pretty quick order and for that I'm grateful. Now, why am I not in GNNX presently, especially with a financial report due in a little over a week? Well, I've tried to keep my feet planted in GNNX, jumping in at prices that I thought were a steal. In my mind, I pictured that I would wake up the next morning and see that everybody had come to their senses and GNNX would be nicely in the $3 range. Or at least $2.50. Or at least $2. When none of these happened, it reminded me of a joke my Dad once told me many years ago. It's a joke for a kid, but I still get a chuckle out of it even today: The CEO of a dog food company stands to speak at the big corporate board meeting. Behind him is a graph of sales by month, the line sloping steadily downward. "I don't understand!!" the CEO yells in utter disbelief. "We have the best marketing team, the best research team, award-winning commercials, and the top-rated distribution company in the nation, all working for us. Why--Why are our sales down?" Out of the silence, one junior executive nervously raises his hand, and then stands to speak. "Well, sir..." he says in a trembling voice, "the dogs don't like it." I'm hope you understand why I shared earlier that I'm pro-GNNX, because this joke might lead you to believe that I'm not. All I'm saying is that for whatever reason, I've seen for myself that people don't get fired up anymore when it comes to GNNX. I personally believe that the true cure for that is the second financials release. This upcoming one, in eight or so days, is going to be a big help but to the best of my knowledge (I may be wrong) it won't make a statement that says, "Hey, remember those $60M and $120M contracts we were telling you about--we'll here's how much money we've made from them so far!" Also, I think it is highly significant that in all the time that has passed since the first $60M contract announcement, there has not been a post from an SI member talking about his/her trip to GNNX and what the experience was like. I live in Virginia, which is my excuse, but I tell you, if I lived within 200 miles of Genesis Media Group, I would love to be the first to visit and tell everyone here my experience. Why am I not in GNNX now since I think the financials release will be good for the stock price? Well, I don't recommend this for everyone, but I'm currently trying a high-risk play where I hope to double my money in about four days, and then come back to the "GNNX financials release party" with far more to put on the table than what I have now. So that's my story. I lurk a lot on this board, so keep those posts coming. I think GNNX is a great stock, and although I may not have explained it well, I have an understanding for myself why the stock is currently at the breathtaking low range of $1.50/share. Obviously, I also believe it won't be there two weeks from now. --Chris [Chris2508@aol.com]