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Microcap & Penny Stocks : GGNC - GIC/Global Intertainment Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Trader 401 who wrote (1820)	1/22/1999 1:06:00 AM
From: Ted M	Read Replies (1) \| Respond to of 2585

I'm looking for the next big one as much as the next guy. GGNC definitely caught my attention. I've thought for several years that on-line casino's have huge potential--in fact it was 2 years ago that I read a fancy 20 page report on Gaming Lottery. I kind of lost interest until recent months. Now to GGNC: It would seem that there is great potential but honestly I hate the way their press releases come across. I just reread them all and was thinking of buying into this dip but have real concerns as youll see. They press releases are full of red flags. I'm curious as to how you longs respond to the following items: 1. Obsession with share price. Every release touts the recommendation of this 'Wall Street Research' company. Many have quotes by the CEO of GGNC regarding the share price and comparisons with the high flyers everyone knows. The main page at their casino even mentions of the Wall Street Research recommendtion! Ridiculous! 2. Meaningless press releases. They announced in two separate releases being awarded some kind of title of excellence, but in neither one of them did they mention who gave them this award other than some quote by a guy named Dave. The releases then went on to tout the company in other ways. Ridiculous! 3. They make enormous projections and tout being the number one popular site. Within a week they revised revenvue projections from 14 mill to 70 mill and earnings projections from 4 mill to 11 mill. 2 years out are talking profits of 77 million! Ridiculous! 4. They seem very concerned about North American gambling. Yes the market is huge, but it's not allowed right now. Why show so much concern? I don't mean to be a jerk, and I have no ownership, just a real interest in the sector, but how do you longs respond to these obvious attempts to hype? Is it possibly just over-excitement by the company--or is hype commonplace with Canadian companies and they see nothing strange about doing it? Or some other reason? A less charged question: How many shares are outstanding and how many employees are at this company? Best of success to you all. Ted