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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?


To: The SPHINX who wrote (13795)3/26/1999 3:20:00 PM
From: Joe Copia  Read Replies (2) | Respond to of 25711
 
I am in at .285. If rumor is true, then GTMI is worth $3+/shares:

To: Win-Lose-Draw (315 )
From: tranzz Thursday, Mar 25 1999 11:45PM ET
Reply # of 317

I got this post from the Raging Bull thread, I will call GTMI's IR in the AM and confirm and do some DD also.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Called today. It is official!!!!!

GTMI will announce either Friday or Monday that the reverse merger with The Bentley Holding ompany HAS BEEN CLOSED!!! This is now a company with net assets of US$120 million. The company will make those assets available for the combined company to realize their business plan.
Bentley also holds the timber rights on properties in Mindanao with an appraised value of US$850 million. They also hold the telecommunication rights to the Phillipines which is where GTMI comes into play. Additional note of interest. There are members of the goverment on the board at Bentley. Think they'll let anything happen to this contract?

GTMI shows 37.7 million shares outstanding with only 9.8 million in the float. You do the math, I get over $3.18 per share. That's not even taking into consideration of the contracts they have lined up. There will be more releases to follow this one. This company has already turned down a $5 per share offer because they believe their technology is that special.

I'm not what most people would consider a hyper---I'm just HYPED! Hopefully I will no longer be posting on this board, after all, it's for stocks trading at $2 or less!