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Microcap & Penny Stocks : GLOW - Global Games, Inc. - Great Profit Potential ! -- Ignore unavailable to you. Want to Upgrade?

To: David W who wrote (3945)	6/30/1998 10:19:00 PM
From: Brad Morris	Respond to of 8879

You will have to ask Brad or Cheryl, they are the head cheerleaders! GO GLOW Brad

To: David W who wrote (3945)	6/30/1998 10:43:00 PM
From: Brad Morris	Respond to of 8879

Concerning your question, the EPS estimates was using estimated overhead, salaries and pay, profit margins ect ect. You have to keep in mind that they are just estimates. How does analysts project EPS in IBM, Microsoft, Intel ect ect? Is just an estimate. If you don't feel comfortable about the estimate, call and talk to Gary about it! Why don't you do that? Regards Brad

To: David W who wrote (3945)	6/30/1998 11:21:00 PM
From: Brad	Read Replies (3) \| Respond to of 8879

I interpret "Gross Revenue" as Gross Income (or Gross Sales). I interpret "Net Revenue" as Net Income (after expenses, but before income tax). GLOW has a significant "Loss Carry Forward" (around $7 million as I recall) that offsets the impact of income tax to a great degree for this year. In figuring EPS, total outstanding shares are based on a "weighted average." That figure could be significantly different (much lower) than the 57 million shares we originally thought were outstanding. This could be a big factor based on what we learned from the last press release (retreival of 20 million shares bringing the total outstanding shares down to 37 million). Regarding ongoing overhead... One of the advantages of an "recurring electronic revenue stream" is that overhead expense is minimal. And maintaining this particular revenue stream (licensed software) is probably not very expensive. GLOW will be paid a fee based on usage of the software. A "recurring revenue stream" with very little ongoing overhead cost translates into substantial profitability. However, I'm sure there will be normal expenses incurred with the management services of the Canadian casinos. That's how I see it anyway. Best wishes, Brad

To: David W who wrote (3945)	7/1/1998 10:54:00 AM
From: David A. Irvine	Read Replies (1) \| Respond to of 8879

David W, I answered the same question regarding revenues per share versus earnings per share in post number 3247. That was over 700 posts ago. I will paste my post #3247 to you below. Let me know if you still have any questions. If you are going to bash the stock, at least pay attention. -Dave <<< David W, Here is a quote from the June 10 press release (http://biz.yahoo.com/bw/980610/global_gam_1.html): "Global Games forecasts annual net revenue from its software sales to IGC will reach $10.3 million, and contribute $.20 EPS for Global's shareholders." This more clearly states that the NET revenues from IGC will be $10.3 million, which is $0.20 EPS. Hope this clears up some of the confusion. Call the company to get an explanation on how this figure was arrived at. Cheers, Dave P.S. I am just wondering, have you ever called the company? I hope the answer is yes, considering all the questions you have. <<< To: bodie (3234 ) From: David W Tuesday, Jun 16 1998 10:38PM ET Thanks...I hadn't seen the release in some weeks now. The release refers to net revenues per share....a totally meaningless term. Then it seamlessly moves into the implication of EPS. To reiterate...I am long , but unequivocably feel the references to projected EPS are a total joke, bordering on fabrication. >>>

To: David W who wrote (3945)	7/1/1998 11:09:00 AM
From: David A. Irvine	Read Replies (2) \| Respond to of 8879

David W, I forgot to mention that the 0.20 EPS from licensing software to IGC was based on $10.3 million in net revenues. Back-calculating, that gives as average number of outstanding shares of approximately 52 million. Lets assume that the 20 million shares that were just cancelled were issued half way through last fiscal year. That means that the average number of outstanding shares will be 42 million. Now our estimated EPS from IGC ONLY is 0.25. That cancels the potential lose if ECS falls through. (NOTE: I have no information one way or the other about ECS.) Plus, the Burnt church deal, other casino management deals, other software licensing deals, and ECS (if it goes through) will now have a higher EPS since the 20 million shares were cancelled. This is a win-win situation. Better cover you short now. Not bad, eh? -Dave