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Microcap & Penny Stocks : Greenland Corp. (GLCP) -- Ignore unavailable to you. Want to Upgrade?

To: jmt who wrote (2022)	7/21/1998 9:55:00 AM
From: Mark S. Schroeder	Respond to of 2278

I had the chance to buy GLCP or COII......I bought GLCP and should have bought COII. Well, anyway, I have a tax write-off now instead.

To: jmt who wrote (2022)	7/21/1998 10:08:00 AM
From: Mark B. Martell, CCM	Read Replies (1) \| Respond to of 2278

jmt, I've worked in Treasury management since 1985. I worked for Columbia Gas for 9 of those years..... I know about ATM's and check cashing services. Could teach it. We had over 10,000 employees, many of which were union. You can't mandate direct deposit with anybody, for it is against the law. In a manufacturing setting, direct deposit participation rates drop from 90%+ (service industry) to about 50%. The answer is simple: blue collar types like to squirrel money from spouses (cashing their checks without telling their spouses what they received). They also like the social event of getting paychecks cashed at the bank (many of which leave early from work to accomplish). These cash machines will generate revenue. I believe I read that they have sold some properties they owned for cash flow after the filing of the 10 (duly footnoted somewhere), so I'm not sure as to whether or not they need much additional financing. These machines were due to be generating cash in another month or two. Absent these revenues, this stock will bleed below book value. When are we due for another earnings report? I haven't checked lately. Perhaps this will reveal the post acquisition balance sheet structure and income/cash flow performance.... I would call the company, but I have other plays (TGSK primarily) that require my focus and I'm still too leary of talking to Eric directly for what I might say to him.... Mark