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

To: Greg Hodges who wrote (6559)	8/18/1998 7:47:00 AM
From: Freddie Forte	Read Replies (1) \| Respond to of 8879

Hey gang....I bailed yesterday. Still hold a little so will follow and lurk. My suspicions got the best of me. Why hasn't Burnt Church been finalized? Does anyone really know the true value of the Dominica agreement with Glow? I've watched for the past two weeks many larger blocks being sold into the market. The delay of the financials. I've heard the story before, just different actors. It's a BB with a story, but, earnings will sustain this stock and that won't materialize for some time. Good luck everyone. I hope everything turns out alright.

To: Greg Hodges who wrote (6559)	8/18/1998 9:25:00 AM
From: Thomas George Warner	Respond to of 8879

You read the article and you still spend your time commenting about me. No wonder it is so easy for companies to pull this kind of thing. You should be doing this kind of DD on THIS company! Here are some of the important points of this article that I think apply to GLOW: " Stay away from small caps that don't have up-to-date financial reports" "It's shocking how many times investors are willing to overlook a lack of financials." "This kind of company needs to possess very strong balance sheets--hopefully free of debt--if they're going to be capable of withstanding inevitable market downturns. That's why you've got to be completely confident about their financials before you should even contemplate taking the risk." (See "10 Ways Earnings Lie," from the July/ August issue.) ." But even with companies that meet those standards, there are other red flags that can scare him away, often relating to the company's business projections. Pie-in-the-sky projections ("We will easily reach $100 million in sales very soon") should cause savvy investors to blanch" On the same principle, shy away from corporate operations that are completely inaccessible, so that nobody can get out there and double-check that they even exist." (have you tried to get information on any of the companies that GLOW is doing business with?) Beware of hype, in whatever form it may take. "It's worth mentioning that most small-cap experts keep their eyes on the number of shares outstanding because they've seen cases where companies play fast-and-loose with this number--often by failing to keep investors informed about how much stock they've issued and how often they've done it." (where did the 5M shares go and what was the money used for?) "Some of these people are vicious. They say I'm trying to destroy them. But I'm just trying to give them a few months' warning, so that they can get out without hopefully losing everything on one of these stocks." Still starry-eyed about micro caps, or at least hopeful that you can crack that market on your own? Don't invest a cent in any company until you work your way through this checklist: Focus on the financials. If they're not up-to-date and audited by a reputable accounting firm, throw them out. Verify everything. You've read the horror stories. If you're not willing to do your homework, go back to safer bets. Think like a securities investigator. Double-check the backgrounds of all corporate officers and directors through databases such as the SEC's EDGAR. EDGAR should also have a section that the company provides of all the drawbacks their operations could face. Check newspaper files to see if the names of the company or its management (in any of its incarnations) crop up in disparaging ways. Don't overlook credit checks, Better Business Bureau reports, and phone calls to any relevant state attorney general's office. Tune into the Internet. Mary Calhoun recommends Silicon Investor and The Motley Fool Online (www.fool.com) as two particularly influential Websites. While you cannot trust all the information you find on-line, at the very least listening in will give you a good sense of the forces that are whipsawing your prospects. Be wary of fads and crazes. "Remember pet foods and microbreweries?" Claudia Mott cautions. "Sometimes there are industries in which one company, but only one company, is going to make a good investment. And sometimes, despite the craze, nobody is going to make any money at all." See who took your target public. Was it a big Wall Street firm, or a name in the underwriting business that you recognize? Your chances are better that someone else has looked closely at the underlying potential of the company.(I have been unable to find out when this company was IPOd and who did it, does anyone else know?) Trust your gut. Does anything at all make you nervous, even if it seems too petty to mention? Then don't get involved. Did you already get involved? Then get out--fast