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Microcap & Penny Stocks : Go Call (GOCA) -- Ignore unavailable to you. Want to Upgrade?


To: bobkern who wrote (57)2/5/1999 4:06:00 PM
From: diamond dealer  Read Replies (2) | Respond to of 192
 
IN at the bell for only 2000 shares
wish i would have known about this before last night. i tried to get in this morning but obviously couldn't . Can i have some views from people that have been here, where they think this is going. From doing my own research i think it could be a great investment. thanks, diamond dealer



To: bobkern who wrote (57)2/6/1999 12:51:00 PM
From: bobkern  Read Replies (2) | Respond to of 192
 
Some thinking out loud here.

If GOCA reported $2M in revenues from gaming for January 1999, then that is 48M annually if it doesn't go down (or up). If they have a profit margin of 40%(just guessing, wouldn't it be higher since there can't be that many costs for this)then that is $19.2M in profit for 1999.

$19.2M divided by 11M(shares outstanding) is $1.75 per share. Considering they have more than just the online gaming, but have phone cards, a casino, etc.., this thing already projects to much more than the current $2 per share.

Somebody help me here. I am not sure how to take $1.75 earnings per share and compute the average share price but do know it is higher than our current price. This really seems like a good play if these numbers hold true.

The only real problem I see is that nobody knows of this company. Can you imagine the movement on price if more people start buying with this small float. I see some very big returns for us if word gets out. We'll see returns anyway once they start reporting other revenues.

Please share your thoughts. Since there aren't many people posting on the threads about GOCA, this tells me it is still struggling to be recognized.

Thanks for hearing me out.

Bob