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Electronics Boutique Hldg (ELBO) Message Board

  • icw7782 icw7782 Nov 28, 1998 12:42 AM Flag

    The Next Internet Craze

    Let me know if I'm wrong but this stock just
    seems to be too good to be true. GGNC
    (http://quote.yahoo.com/q?s=ggnc&d=b ). A week ago it was $0.08/Share and now has
    risen to $1.25/share. This may be one of the last
    Internet stocks available for less than $2. The company
    deals with Online Gambling and Sports Bookings.


    The company's Cyberbetz web-site produced 877,000 in
    revenues in its first three weeks in operation and is
    expected to produce over 35 million in the next 12 months.
    The Company intends to aggressively seek market
    dominance by way of mergers and acquisitions of internet
    related companies that are already positioned in the
    market place GIC is in the of process of translating
    each of the sites so they can be access in Chinese as
    well as English.

    GIC's Internet Casino and
    Sports Book operation, located in Rouseau in the
    Commonwealth of Dominica, is 100% legally licensed by the
    Government of Dominica in the Caribbean. The Company
    currently employs a staff of 25 people that have been
    trained by individuals in the Casino and Sports Book
    industries that have over 30 years of experience in these
    respective fields.

    According to the articles
    published online GGNC has their website translated into
    Chinese and will be up before Dec 6. And they are
    starting a heavy advertising campaign on radio shows and
    TV starting this weekend. Who wouldn't want to be
    able to do all their presently illegal sports gambling
    in a legal manner online without having to worry
    about collecting from their bookies or whatever. The
    current estimated illegal bookings in America is 88
    bill/year.

    IMHO, they have the potential to be much
    bigger than any online auction because they have
    absolutely no overhead but that to keep up their web-site.
    I've read every one of their articles from the last
    month and it just seems too good to be true. Please let
    me know what you think. I'm thinking about buying
    5,000 shares on Monday just to get my feet wet. Their
    website is http://www.cyberbetz.com . They have an
    earnings estimate on their website and are rated a strong
    buy.

    1998 1999 2000 2001 2002
    Revenues
    $3.7 Mil $40 Mil $150 Mil $250 Mil $ 500 Mil

    Earnings $500 K $12 Mil $ 36 Mil $ 75 Mil $ 125
    Mil
    Earnings per share $.08 $1.50 $2.33 $3.75 $5.00
    P/E
    Ratio 1/1 1/1 1/23 1/37 1/50

    With a current P/E
    ration of 1/1 this company should be way up from where
    it is. And with these figures GGNC should be around
    a $200 stock in 2 years.

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    • You may wish to check Silicon Investors chat room
      for GGNC, especially posts 531-534.

      Someone
      there also mentioned the investment site you listed is
      a paid site. Do notknow if this is true, reporting
      the facts of others.

      Yes this stock looks
      great on paper. But if is too good to be true it
      probably is.

      Still given the present enviroment who
      knows current short term price possibilities. Too risky
      and unknown for me. If you find any other info love
      to hear it.

      Thaks for your post.