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

To: SuperCharged who wrote (1530)	6/20/1998 1:39:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 3129

SC, there is one thing that keeps bothering me with GNNX, they have "revalued" the library of music they have to $40 MM or so, and that is the only "valuable" asset on their book. NAZ may question if these are indeed "tangible" assets or not (for the purpose of listing). Typically an asset should return some 10 to 15% annually (conservatively) and I have no visibility how this asset will have such a return year after year.. Zeev

To: SuperCharged who wrote (1530)	6/20/1998 3:54:00 PM
From: lazarre	Respond to of 3129

This one is getting it from both a Phillips and a straight edge at the same time: MIDL, MIDLW and MIDLP; it was a reverse that got unreversed last week and the unreverse part skipped away with the patent to the only product the company had :-(. Well, back to store brand peanut butter instead of Skippy SuperChunk for awhile. Lazarre

To: SuperCharged who wrote (1530)	6/21/1998 2:28:00 AM
From: Russel W. Kennel	Read Replies (3) \| Respond to of 3129

Hey don't feel bad. I started buying GNNX (Then it was HSTV) at $2, and rode the sucker clear down to 15 cents, before it recovered and made it back to $4 and now $1.25. So, for me GNNX was the ultimate loser of the year, even when the information was $40 mil value and 6.8 Mil shares out. My whole point being, that don't be surprised if the stock goes to practically nothing, completely defying all common sense. Then when it does, you have to decide if the company is a survivor or not, and then either increase or hold your position. Right now the Accumulation index appears to be in a downward mode, and may explain or is symtomatic of the current slide. This company will ultimately have to show some "real" revenues cash flow & earnings, and until that happens it could very well find its bottom in the $.50 range. The market is not believing very strongly in the prospects indicated in the recent "to-good-to-be-true" announcements yet. Be careful, exercise caution. "Been there-done that"