Thank You Chicago! (Follow his posts folks..he's whip smart)
You can bet I will be asking a lot tougher questions going forward,
because of
your posts. Very helpful. I'm talking to a lot of people on GOFH,
within the
entertainment and advertising community, and there is a real belief in
the people
behind this company (Peter Guber is one of them). Completing the Bolt
acquisition would really help the outlook
right now, but don't expect that to happen immediately. They simply
can't afford them
at present levels. The consensus on Bolt is that they are probably
doing about
$7 Million to $9 Million a year in revenues. GOFH will find a way to
get this
transaction done, and from what I'm hearing, they may have an ace up
their sleeve
in this regard.
Unfortunately, there is not much that can be done concerning those
who've had their
nose bloodied by this stock. But I'm not interested in the "stock",
I'm interested in
the "company". And that mindset may make all the difference in the
world.
I can not overstate this enough. Markets are imperfect. Logic is very
important here. But
logic, or rationale, dictates that I look at ALL the information...pro
and con.
chicagofina
...@yahoo.com wrote:
> Brooke:
> I only speak from my expertise and experiences in the capital markets
> and trading in previous OTCBB stocks. As of right now, this stock
> trades on air - it is thinly traded and has no concrete fundamentals
> except burn rate. As such, it is prone to wild swings. It keeps
> selling off because there is no buyer, and if someone is out there
> attempting to unload a position, the market maker(s) have to buy the
> shares and place them in their inventory. You pay a heavy price for
> force feeding shares to people that don't want them. This stock has
> no reason to go up unless material information is disclosed.
> Realize that GOFH has stuffed a lot of people's pockets with their
> shares. If anyone wants money, they need to go to the market maker
> and get rid of this paper. Why sell now? People who are being paid
> in shares [insiders and employees that have free-to-trade paper] and
> third parties paid in shares or with free-to-trade shares want cash,
> even if it is just to diversify their exposure.
> I think a number of people have bloody noses right now, and GOFH/Bolt
> are in serious trouble becuase they may have an employee retention
> problem unless they start to fork over more cash and/or shares.
> It's just logic. If seen it in the past.
discussions
