Replies to post #458 on Galaxy Next Generation Inc (GAXYQ)

[golfman8042]

Purple,

One of the encouraging bits of news has been the three-time assertion from management this spring that they expect FLCR to show profits in the second half of 2004. The ENC and MyClubCard programs are progressing nicely and have the potential for a significant revenue stream--while also providing the company a large potential customer base for their other products.

Regarding your question about a 3M share short position, my best guess would be "unlikely." Even though the float is small (and growing smaller), there has been some selling going on--many who bought in at the .08-.09 level sold off when the sp reached the teens. Plus, the volume has been very low of late.
Locus (and perhaps others) specializes in T/A and follows this stock closely--he would be able to provide a more definitive answer to that question.

Is there anything that would make you think there is a 3M short position?

[DUCKY]

Ok so what are we to expecting this quarter? Q2 I understand the pr assuming he is speaking of Q3 and Q4 for the later half of the year. And if he is indicating things going slower than expected then how can he make a statement saying it could be better? There are to many bullet holes and not enough guidance to project that unless the numbers show a good base for Q2. So my take is this we will not be profitable in Q2 but we should see a rise in revenue and ar if there is indeed growth comparison to Q1. Due out August 15th. If I see that I would like to measure the two plus add in future contracts that are announce that is where Locus will be needed the most.