MGCN update 10/25/99
A new section for the Megachain webpage is now under construction. This section will provide lists and banners of ISP's, vendors, etc.,. The point of this section is to show prospective agents and vendors some of the firms that are enrolled in the Megachain program. In addition, this section allows MGCN to offer banner trades to vendors and ISP's, that is, part of the benefit of enrolling in the MGCN program for them is that they get free banner placement on MegaChain's web site and, in return, MGCN gets free placement on their website. The value to megachain of having MGCN's banner on vendor and ISP web sites is potentially quite large, and the cost to MGCN is zero. The technical time for adding this feature is minimal, but implementing this banner component also entails additional negotiations with every vendor, which takes time.
This illustrates what I like about MGCN - they are constantly adding ways to promote and improve their product and their marketing.
However, it is precisely this sort of attention to detail, to doing absolutely everything they can in terms of preparation to maximize the success of the program, that is delaying its launch. Given the choice between a quick start and a great launch, they are opting for great.
New initiatives like the EEC franchise, the banner trading component, along with the myriad details of the launch, are putting off the day we're waiting for. The Megachain principals feel that launching the product as perfectly as possible is far, far more important than any revenues that might be lost by not starting earlier. Their goal is not to squeak a little extra cash in before Christmas. It is to become a major force in the permission based email business for years to come.
When I previously said that the launch would probably happen within a week, it turned out that my source only knew that good news would be released, and had assumed that meant the launch. It turned out to be the Greenchip news, which was indeed good, but not the launch.
I have been unable to obtain any hard info regarding the date of the launch except the official party line, which has always been, "soon" and "sometime in the fourth quarter." It could be tomorrow. It could be next week. However, it would also not shock me if the launch doesn't happen until November. It would also not surprise me if the stock price continued to drift lower in the meantime, as impatient investors who can't be bothered to check out the facts assume the worst and sell. Megachain is well aware that the sooner the better, but they will not launch until everything is truly ready to go.
Most BB companies are scams or junk. If the time MGCN is taking has you worried, then please do your own research to verify that Megachain is for real. Call the company. read its Edgar filings. Research the track records of Tom Lavin and the other Megachain principals. Check out Greenchip and Telus.
If, as an investor, you are too lazy to check out the facts, or if you cannot wait the weeks, that it may take for MGCN to prove itself a winner, then I'd advise you to sell now. However, if you are willing to hold, or buy more, you will be richly rewarded.
signed,
blue voodoo |
