News Focus
News Focus
icon url

holter

08/22/07 8:41 AM

#255249 RE: rainman99pa #255248

rainman99pa, That is seeing it as a half full glass! I have to agree and hope the statement of good things to come plays out for I am down over 95% and have $126,000 invested in Mr. JF and company. It isn't pretty and if anybody did do something stupid to my account I would be furious. I was told no RS by JF himself. I am going to trust his word on that.
icon url

itrade4profit2

08/22/07 8:42 AM

#255251 RE: rainman99pa #255248

Sorry, but as an investment....this is dead! JF can continue to keep the operations running for much much longer...as long as he continues to dump billions and billions more shares onto the market and there are "suckers" out there to buy into this adventure (should read nightmare)....but this is about investing, not about the operations and "great service" some have seen....

Regardless of what JF restructures....

(1) Lost subs, not gained!
(2) Still owe GGI hundreds of billions of shares to sell onto the market to satisfy the SB-2/SB-2A toxic financing agreement.
(3) and the company makes no further money on the sale of those shares owed GGI!
(4) JF will walk away with buildings paid for and inventory which he can use to continue to operate a "mom and pop" movie rental location in "bum Fack" Kentucky! Not to mention his wife's burger joint.

Sorry to those who lost here (including myself), but you will never re-coupe your investment here under these circumstances regardless of how many more subs GZFX can add....the damage is too great and the dilution will out strip any positive advances made (regardless of how small!).
icon url

gattes12

08/22/07 9:26 AM

#255257 RE: rainman99pa #255248

rainman99pa I saw the same thing, but I wonder how much impact this has on the burn rate. 31 of 45 employees gone, no president, and less DC liability should have a significant impact on burn rate. Hopefully the next Q will reflect these differences.