I don't play with penny stocks much, but I've got my eye on a company with great potential.
Point Group Holdings (Symbol PGHI) recently acquired VeeGeez.com, an online video game rental site. It's like NetFlix, only they rent video games instead of DVDs. If you'll remember, NetFlix went from $6 to almost $80 this past year. The DVD rental business is huge. So is the video game rental market.
VeeGeez has some existing competition, but I don't believe any of them are doing a good job marketing their services. With their "No late fees" policy, I believe VeeGeez has a great opportunity to take a nice chunk of the market.
Currently, their site looks awful, but they will be launching a brand new site within a week or two. They have plans to launch a comprehensive marketing effort which should reach their target market over the next year.
I remember missing the boat on the last dotcom boom. I have put my money where my mouth is and invested some cash in PGHI. It is currently at .05 on the OTC Bulletin Boards. I guess time will tell if this is a good investment!
Note: I am not a licensed broker and am not telling you what to do with your money. Don't make any purchases based on what I say or do.
It's Del.icio.us!
Furl It!
February 3, 2004 12:01 PM
Time will tell. I don't have any insight other than I agree and have positions in PGHI.
Blue
February 3, 2004 07:36 PM
Well, its now 6 days after the original post and PGHI hit .10 today. I have been holding this since .022
The potential here is absolutely enormous.(In my opinion)
New website is up and running. PGHI will be changing their name to Gameznflix in the upcoming days. They will also be launching another new website @ gameznflix.com, that will rent games as well as DVD's.
Take a look at Netflix.....and now use your imagination, and think where this stock will be in 2 months, 6 months, 1 year....and further!
Good luck to all!
February 5, 2004 12:09 PM
Hello, Joel. I thought I would pass along a great article on Point Group Holdings(PGHI). It was written(02.05.2004) by a local paper based in Franklin Kentucky, PGHI's new corporate/distribution location. Very nice read, giving a little forward looking statements about PGHI's future. -
February 5, 2004 12:11 PM
Sorry, click on my name to link to the article! -
February 6, 2004 08:09 AM
Hello friends! I�m from Germany an want to ask, what�s about filesharing in the USA? Are there restrictions or prohibitions by the police now or to be expected in the future? I think this is important for a company like gameznflix! When there are prohibitions it will be very good for the company because in Germany many people get the files by filesharing programms like emule and no one prevents them...
February 7, 2004 08:52 AM
Howdee folks! Been long on GZFX since end of October. What a nice find. Enjoy watching this BIG picture unfold. Cheers to all! Keith
March 20, 2004 04:44 PM
Do you think this is the end of VeeGeez.com? The stock fell more than 6%... How many subscribers does this site has anyway? Any Idea?
March 20, 2004 08:34 PM
The stock is up 160% from when I bought it! As for VeeGeez.com, it wouldn't surprise me if they merged it with GameZNFlix.com once it launches this week.
March 28, 2004 09:43 AM
Bigb...are you really worried about the 6% fall? The new Gameznflix site is up, the commercials have started...........this stock should fly on Monday!!!!!
March 30, 2004 08:55 PM
Ben Curtis Dell dude is doing the commercial for them in May .. Woopee :)
April 1, 2004 09:54 AM
JOsh, have you looked at this stock lately? Going down like anything. In 2 days it lost 5 cents. Around 30% fall.
April 6, 2004 10:43 PM
Bigb...lets not turn this into a stupid arguement.
But GZFX is UP 13.39% today, and up 30% since you were worried about the 6% drop. This is only the beginning of veegeez & gameznflix. If you are worried about a 6% drop in the early stages like this, maybe its too risky for you. Long term holders know realize where this stock could be in the future. A 6% drop does not signify the end of Veegeez.
And that 30% drop came after a 70% rise after your post about the 6% loss.
April 7, 2004 05:06 PM
Hi Fellas,
Do you know any penny stock which has bright future? Any suggestions? I see this GZFX is doing pretty good. Bigb and Josh.....Come on guys give us a break...
May 4, 2004 10:56 PM
Anybody have guess for price target by June/July and price target by November/December ?
Thanks for all insights.
ramos
May 4, 2004 10:58 PM
Joel Comm, can you share some insight to my prev. post?
Thanks,
Ramos
December 30, 2004 09:09 PM
GZFX may be a good company to invest in but don't do business with them...huge disapointment.
June 3, 2005 09:25 AM
Howdy folks!
Gameznflix has improved dramatically. I'm on the annual (8-out) plan which is less than $16 per month. Great deal. If you have invested in GZFX, then sit back and watch how this business unfolds.
:)
March 30, 2008 09:19 AM
It seems to be that the article is quite old - more than 4 years old. Is it possible to get some update on it? So was it a good penny stock investment?
July 17, 2008 11:44 AM
Well, before buying any penny stocks plenty of due diligence should be made. I've written some good articles here on penny stocks. I hope they would be helpful to anyone who wants to take up Joel's advice.
http://invest-money-stocks.com/category/penny-stocks