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


To: PRATT9999 who wrote (2417)6/2/1999 9:36:00 PM
From: Lennart Steiner  Read Replies (1) | Respond to of 2585
 
Pratt, I agree with your comment that the Management has some learning to do - even at some peoples expense.

Unfortunately I would have to include besides Keith and Shawn Mr. Chu in this group.

We have in Germany a saying which translates probably very poorly but fits a management situation such as GGNC's very precisely:

The dead fish always starts stinking from the head first.

Besides this very issue it will take GGNC a lot of work to get their house in order: Software, Sales growth, Profitability, SEC filing etc.

Actually too many things to me.

For that reason I sold my last shares of GGNC today, realizing a substantial loss since I had started buying into GGNC last December and accumulated up to an average of $ 2.40/share.

However I still believe in the tremendous potential of the industry of internet gaming and I will invest in some other company in this business.

Any recommendations anyone???

Because I neither believe in any further hypes as we had previously,I will not buy into GGNC again - even not at substantial lower prices.

Therefor I wish you all longs sincerely and honestly all the luck of this world!