GGR: GeoGlobal Resources Inc [was GEOG was BOWG] (2000 + )
- Kirk
- Thruhiker
- Makena
- way2go
- Kirk
- Slick
- Rande
- matttheduck
- Kirk
- Wendell
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» Kirk - Re: bowgie
In response to message posted by dewam:Tax loss sellin.
what I can figure, if you bought at $3 or $4, perhaps exercised some warrents at $4.50 in the tens of thousands of shares, then you can sell for 40¢ or 3¢ and get about the same tax loss so price is not an issue. They'll probably get $1 or more a share for a tax refund if they held under a year and so they might get to buy the shares back for less than $1 using the tax savings if they really want the stock.
The tough part is where to buy more when this happens. I think the company has over 40¢ a share in cash...
-- posted by Kirk
» Thruhiker - Tony was right
Newcomers won't know who I am referring to, but TonyFromBklyn's prediction months ago that BOWG would hit 25 cents was spot on. He also said it would be a buy at that level.While I'm certainly not going to invest any of my money on the opinions of Tony, one has to admit that his prediction was much more accurate than "buy now cuz we'll never see $5 again!!!"
-- posted by Thruhiker
» Kirk - Re: Surprised?
In response to message posted by way2go:This is the guy that once bragged.... oh forget it... People that hate people are not worth getting upset about. He is just upset as he doesn't have a chat room at Brinkerdom to kick people out of since that operation has folded.
One thing for sure, nobody can accuse me of doing this ONLY for the money when my stock options (few that they are) are under water by a factor or ten! We won't mention the shares I bought above $1 that I thought were at great prices. Sometimes I'm wrong and thank goodness for asset allocation and diversity.
Then again, great opportunity for more gambling! One thing is for sure... SOMEBODY is buying all the tax loss shares that come onto the market... Some of us have had nets out for catching babies... For tax loss sellers selling 10,000 shares bought at $4.50 to exercise warrants: It really doesn't matter to them if they get 30¢ or 15¢ a share as the difference from $4.50 for a tax loss is about the same.
-- posted by Kirk
» Slick - Will This Stock Go To Zippo?
http://www.suite101.com/info.cfm/Investo...This was copied from the press release section of BOWG. While this stock COULD certainly fold like so many of the DOT COMS ,it would seem to me, they plan on operating for the foreseeable future. I hope so...where else are you going to find this kind of open forum. (:>)
MONEY IN THE BANK
It may seem that in every newsletter I reiterate this fact, and you are right, I do! Primarily because it is important that our investors are aware of this fact. We have an extremely low monthly burn rate (burn rate being the pace at which a Company consumes available capital) and just over 6 million in the bank. Given our current monthly expenditures, Suite will be in operation for several years, without requiring any capital infusions.
Slick
-- posted by Slick
» Rande - Don't own this one, but it looks like there's one advantage to
Don't own this one, but it looks like there's one advantage to owning a stock worth 14 cents. When it goes up 3 cents to $.17 like it did today, you can brag that one of your holdings went up 21.43% in one day. Makes for great cocktail party chatter. (Just don't mention your entry price.)-- posted by Rande
» matttheduck - humor and irony
it's funny and ironic that the brinker website shut down before the suite 101 website. survival of the fittest!-- posted by matttheduck
» Kirk - Re: humor and irony
In response to message posted by matttheduck:Before? We have no plans to shut down... we have cash to burn for several years.
What IS interesting is the ideas that started this place turned out to be correct..
1. That Banner advertising would eventually fail (as a mainstay to make money)
2. That search engines would become "pay for good location engines"
3. That community will be an important use of the internet.
4. That free and open exchange of information would be vital (no censors, etc....)
5. That spending big bucks for advertising does not a business model make. (I can remember MANY complaining here that we didn't spend enough on advertising or have enough press releases...)
Questions remaining:
1. Will we make a profit or even have revenue?
A: Who knows? I worked on long wavelength fiber optics for a decade (1984 to 1994) before people even started to talk about fiber for the internet... We lost money for all that time also but we saw a future for long wavelength fiber optics and now there are many companies with very high valuation doing just that. Patience is often key.
-- posted by Kirk
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