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

To: LT who wrote (2102)	8/15/1998 9:32:00 AM
From: Ted M	Read Replies (1) \| Respond to of 3129

The missed deadlines, unanswered inquiries, ambiguous releases, flood of new shares, all point to a company that is either 1. highly disorganized 2. very busy 3. investor unfriendly or 4. jacking us around for their benefit. or 5. some combination of the above For us investors to hang on because a few people have seen the 'contracts' seemed reasonable when the price was higher and a bit more stable, but now in retrospect looks like a bad idea. Since the company is not being investor friendly IMO it is up to us to do some more serious research, and to take it a step further. I'm tired of seeing companies manipulate us investors with lies and half truths and get away with it. We need to have qualified professionals research the most important claims of GNNX. Primarily the 'contracts'. Investment bankers, contract experts, attorneys, whatever it takes to validate their claims. If it is found that the contracts are not valid, we should take further step beyond just selling, to have charges filed before they skip town and get away with it. Tom Brown, good luck with your quest for the truth. Does your quest involve a professional examination of the contracts? Ted

To: LT who wrote (2102)	8/17/1998 1:08:00 AM
From: Russel W. Kennel	Read Replies (3) \| Respond to of 3129

I was probably not on top of things enough. However, in the early part of 1998 and late 1997 I was given the information that the OS was under 10 mil, and only after the audited financial which came after the big run, did we learn that the os was actually 6.8 mil and the somewhere along the line went up to nearly 22 mil. As an investor I never was informed when that happended. For something like that to happen without a public announcement to stockholders seems to me to be the ultimate fraud. They say that this is "typical" of BB stocks, but pray tell, where in the laws of this country is anyone on any exchange permitted to conceal, mislead, cheat, or engage in any activity which has the intended or unintended effect to mislead? Dilution of stock is always a material reduction of the value of an investment, and should be done with advance warning as to the amount of dilution and estimated financial effect. Concealment is still cheating, and is illegal as hell, morally wrong, and even if not specifically prohibited for BB stocks, still does not make it right! So there is my sermon for today, for those who did not make it to church. Of course, I'm probably preaching to the choir. Russ