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

To: jocelyn who wrote (1943)	1/31/1999 6:33:00 PM
From: C.Carlos	Respond to of 2585

In the link you provided it is stated that GGNC expects first year net income of $6 million for $1.15 earnings per share. However, further down it says that they have 11.2 million issued and outstanding shares. To me, those numbers do not balance. Six million dollars divided by 11,200,000 shares is a little less than 54 cents per share. Any comments? In that page it is also stated that Ernst and Young are the auditors. That is a good indication to me, if it is true. C. Carlos