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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: P.E. Allen who wrote (2181)	5/11/1998 11:57:00 AM
From: Bucky Katt	Respond to of 25711

Looks like junk to me, so that means it will be 50 cents in a week.

To: P.E. Allen who wrote (2181)	5/11/1998 12:05:00 PM
From: Wayne Rumball	Respond to of 25711

Yup, GZON looks like junk, but maybe it will go to 0.10 on momentum or for some other stupid reason. Here's info from last 10-q By June 24, 1997, the Company had taken steps to cease its principal business operations and had terminated all employees other than Mr. David Hirschhorn, the Chairman of the Board, President, Chief Executive Officer, Chief Financial Officer and Treasurer of the Company. On each of July 14, 1997 and August 29, 1997, the Company received a Notice of Default and Demand for Payment from its senior secured lender based on the Company's failure to make certain interest payments when due. As of November 18, 1997, the Company has not paid the past-due amounts and the senior secured lender has not foreclosed on the senior secured loan. Since July 1997, the Company's business activities have consisted of licensing and attempting to enter into licenses for certain of the entertainment software products held in its library, divesting or disposing of its businesses and products related to the personal computer industry, and attempting to restructure its debt obligations, equity structure and business operations. As of November 18, 1997, the Company has no operating business; accordingly, the Company does not expect any material amount of revenues in subsequent quarters.