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


To: LT who wrote (2235)9/15/1998 1:56:00 PM
From: Tom Brown  Read Replies (1) | Respond to of 3129
 
Others may have missed the second quarter financials, just as I did. Another investor emailed me this am to advise they were out. They are NOT on the GNNX or Dutch Associates pages, which is where I look for press releases. Maybe Dutch has been terminated. Anyway, for those of you who have not seen them, go here:
biz.yahoo.com

I agree, the second quarter does not look as healthy as had expected. Hoping Tina can share some light on them. Will share her answers with you when received.



To: LT who wrote (2235)9/15/1998 2:01:00 PM
From: Shawn Springer  Read Replies (1) | Respond to of 3129
 
It is beginning to look like this company is one big scam. Look at the number of shares outstanding between Q1 and Q2 - no wonder the stock is tanking!. I also seem to recall that the contract receiveable used to be listed at $1,000,000 per month for the first 6 months, now it is listed at $100,000 per month - and it is not being paid! I wonder if there is potential legal recourse here for those of us that bought when the telcom 'contracts' were announced. From the financials, it does not appear that they have the ability to service those contracts even if they do exist.