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SSKILLZ1

02/13/06 1:55 PM

#35488 RE: Knowledge is King #35482

Knowledge, (On GAMM.ob) maybe it was my DD post this weekend. LOL. Appreciate life to the stock, but it would be nice if it would be going higher in the process. What can I say I want it all.
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jtomm

02/13/06 1:56 PM

#35489 RE: Knowledge is King #35482

GAMM - In general, the numbers of this company look pretty decent, but this is what keeps me from buying (from the 10-K):

"ECONOMIC DEPENDENCIES

Our hosting services in the Netherlands Antilles, relies on one supplier for its bandwidth provisioning. Communication facilities are limited in this area, but we feel confident that our needs will be met by this provider. The loss of this
supplier would have a materially adverse impact on our business.

Prior to August 1, 2004, we received a substantial portion of our revenues from two customers. These two customers represented 98% of our 2004 revenues and 95% of our 2003 revenues. Effective August 1, 2004, one of these licensees, which accounted for 8.3% of our revenues, ceased using our software. Management has evaluated the impact of the loss of this licensee and determined that it will not have a materially adverse impact on our financial position. The loss of the remaining licensee would jeopardize our ability to continue as a going concern."

Dependent on one supplier and one customer. That's too much risk for me. I wouldn't be willing to pay much more than where it currently is with those kinds of risks.

Also don't like that they haven't updated any news on their own site since the end of 2004:

http://www.globalentertainmentinc.com/content/news/index.htm

Majority insider ownership concerns me as well.

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steeledge

02/13/06 2:15 PM

#35494 RE: Knowledge is King #35482

Knowledge-GAMM
It's giving me a chance to add!
I have also noticed an additional MM helping out w/ making a market, so that's helping.