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Gold/Mining/Energy : Valu-Net Corp (VNE on ASE - was Faymar)
VNE 36.950.0%Apr 1 5:00 PM EST

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To: Ian@SI who wrote (651)2/7/1999 5:51:00 PM
From: David in Ontario   of 974
 
Ian...Yes - you must keep your eyes open when investing in new initiatives. There is a lot of competition out there which is good. It helps innovation and keeps people on their toe's.

These are still very early days for the eMerge Alliance and the share price will fluctuate. I'm looking for an upward trend for VNE over the months ahead, and picking up VNE at these levels or even $2+ is a good investment.

The upcoming financing will address any working capital matters with the first phase of the financing ($6M of the $14M total) is due to be in place by the end of THIS month.

"What evidence is there that VNE will ever have a sufficiently large share of this business..."

That's a forward looking question - so there is no definitive answer. Remember it's not just VNE - there are three other partners onboard.

Citibank want to move this initiative forward aggressively - so we will not be wanting for developments, nor News.

David.
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