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Re: None

Tuesday, 02/15/2011 1:29:27 PM

Tuesday, February 15, 2011 1:29:27 PM

Post# of 157004
I'm posting but ONE message today 'cause I'm busy...so much for my lunch hour.

1. Yes, Mr. Magone did suggest, as did Sutton prior, that annual 'audited' financials for the year ending Sept 30, 2010 should be out now.

2. All company's are at the mercy of their auditors to complete this process. I deal with this every year at our firm, they tell me a couple weeks, it takes a couple months...why?, because they tell me want I want to hear but there is no urgency on their part, it pads their bill, and they don't really give a sheet about what the company has told shareholders in terms of delivery dates.

3. The increase in O/S has been known for some time now. If this is a surprise to you, follow more closely.

4. The 'unaudited' 1st fiscal quarter financials (ending Dec 31, 2010) for GoIP Global that came out this morning are produced by management, therefore the company CAN ensure they are released on a timely basis (in an effort to be 'current').

5. If anyone expects/expected quarterly financials to be audited, you've got a bit to learn.

6. To be clear, there will be 'audited' annual financial statements (thru Sept. 30, 2010) coming out that should be relatively consistent with the already posted (on Jan. 3, 2011) 'unaudited' annual financial statements. There are also 'unaudited' quarterly financial statements (thru Dec. 31, 2010) that were posted this morning (Feb 15, 2011). For what it's worth, the end of GoIP's second fiscal quarter will be March 31, 2011 and they will undoubtedly again post 'unaudited' quarterly statements sometime around May 15th.

One of the primary problems with this stock (probably all widely held 'pink' and 'penny' stocks actually) is that rank and file shareholders have not educated themselves sufficiently. Consequently, everyone 'sways' heavily one way or another by the slightest of breezes being blown by whomever (and it affects the share price) regardless of whether or not it's right, wrong, factual, BS, speculation, guesswork, material, immaterial, pumping, bashing, or solid due diligence.

If you don't know about certain things, make an effort to try to figure it out. Research what is 'customary' vs. what is specific to just GOIG, read all of the company's filings (I have several binders full), learn about all manner of things that you might not yet understand (including the CEO's preferred shares' conversion capabilities that have been disclosed forever and reflect the control position and issues pertaining to O/S and A/S). If you are questioning it, somewhere there is an answer. An absolute TON of information is available at your fingertips.

Watching a message board all day isn't 'learning'...it's more like panning for gold, you'll have to sift through an awful lot of material to find a sliver of anything valuable. At the very least, get to know the people that know (but try also to understand their motivation at any given time).

I hate when 'new', invariably negative, information comes to light, generally when the share price is already struggling, when the information is actually 'old', has been out for some time, and probably already discussed...it's like 'piling on' long after the play is finished.

Oil.

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