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

To: Tom Brown who wrote (2999)6/2/1999 12:58:00 PM
From: dch  Read Replies (1) | Respond to of 3129
 
>> Revenue to Genesis is estimated at $6M annually. <<

Ok. I think I see the problem. "M" is the roman numeral for 1,000. You rashly jumped to the conclusion that it meant "million." Also, they were extremely careful to state that the $6,000 was only "estimated." So if it turns out to be $6.00 or $.60, then that's the way it goes--what the hell can they do about it? It's completely out of there hands (and our pockets). They were just trying to share the estimated good news with all us shareholders and the vast number (probably greater than M) shareholder wannabees.

Now honestly, don't you feel a little bit silly (and MT-handed)?



To: Tom Brown who wrote (2999)6/3/1999 10:43:00 AM
From: ajs  Read Replies (1) | Respond to of 3129
 
quotes.freerealtime.com

GENESIS MEDIA SHAREHOLDER FILES FORM 144, TO SELL SHARES

WASHINGTON, DC, Jun. 01, 1999 (States via COMTEX) -- Dealer Direct
Acct. Corp., shareholder, Genesis Media Group, Inc. in Culver City,
Calif., reported on May 26, 1999, the proposed sale of 250,000 shares
on May 20, 1999, for $48,000 through Merrill Lynch.


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