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Microcap & Penny Stocks : XSNI - X-Stream Network

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To: Jeffrey D who wrote (1443)6/23/1999 12:12:00 PM
From: Jacalyn Deaner  Read Replies (1) of 3519
 
That is the exact phone number provided by the Transfer Agent - could be the same number Tom Allinder provided initially; that Canadian xstream number I finally did dig up by contacting the engineer that works there is located on one post I made.

Regarding the number of shares outstanding - it would be nice to know how many were dumped during that run up by the past CEOs - and how many shares of XSNI they received without restrictions for their otherwise worthless stock certificates of megacom,digiphone, firecrest etc. That there was a sell off can't be denied.

Manning said there were only 4 million out not 15 million - so he gave misleading information there, and intentionally misled. So far the only thing he has been consistent on is misleading and has not come out with a satisfactory explanation to date. Guess there is not one, or he may be waiting for the "big moment?"

Where is manning nowadays; seems with all your digging up on canadian forums and press releases you are posting, seems you could have found something about what is presently going on. Have you called manning or anyone else?

Too bad no numbers provided by anyone are any good during business hours? huh?

That Manning said there were ONLY 4 million out and now the transfer agent says over 15 MILLION, appears to be more conflicting information provided by manning. I take the word of others in this case; here is some more reading about freeserve adn other european ISPs that are gaining on this xsni:

news.bbc.co.uk

Wednesday, June 16, 1999 Published at 17:30 GMT 18:30 UK

Sci/Tech

CurrantBun warns freeserve

CurrantBun has signed up 250,000 subscribers in 2.5 months

By Internet Correspondent Chris Nuttall

CurrantBun, The Sun newspaper's subscription-free
Internet Service Provider, has passed 250,000
subscribers and issued a warning to its main rival
freeserve and other ISPs.

"Unless you're a telephony supplier, if you've not
launched an ISP that has an active user base of 200K or
more today then you'll never, EVER be profitable
tomorrow," predicted Ellis Watson, CurrantBun's General
Manager.

CurrantBun launched on April 1, recruiting its 250,000 in
2.5 months, of whom only 10% are said to be Sun
readers. But it attributes its rapid growth to a high-profile
promotion in The Sun and Asda superstores.

Free ISPs should RIP

Ellis Watson claimed the bottom had fallen out of the
ISP market and said the Dixons Group was being too
slow in floating its freeserve service on the stock market.

"freeserve should seriously be considering floating now,
whilst it is still profitable. For every month that they don't
float then it's another 15% off whatever price they get -
the Free ISP explosion is officially dead. The 0800
routes, the telecom giants' desire to play catch-up and a
myriad of me-too access means the feeding frenzy is
over."

CurrantBun, cockney rhyming slang for the sun, says it
is the fastest-growing of the scores of free ISPs that
followed freeserve's lead.

"Many will never reach beyond 40,000 subscribers within
the next six months, as they demonstrate no
technological, brand or product competence in Internet
access provision," said Watson.

freeserve, with more than 1,250,000 subscribers is the
UK's leading ISP. It aims to float next month, via a dual
listing in London and on Nasdaq in the United States,
according to industry sources. It is valued at £1bn - £2bn
and analysts expect the parent company Dixons to float
between 20 and 25% of the business.

news.bbc.co.uk

bbc.co.uk
news.bbc.co.uk

The in 1998 a London company using Canadian software, set
up the first Internet Service Provider which did not charge for
net access. X-Stream funded their service through advertising.
This started a trend that was to reach its zenith when
Freeserve was launched in September 1998. By March 1999
around 10,000 people a week were signing up for internet
access through both pay for and free services - according to a
National Opinion Poll.

X-Stream celebrated their first birthday by offering free
telephone calls. The company told .radio that they would
continue to offer free calls on occassions. However the calls
were not really free - somebody had to pay for them and that
somebody was X-Stream.

But how do the pay-for competitors feel? One of the first
Internet Service Providers were Demon Internet. They told
.radio that while they welcome the free services, the pay-for
services invest more in their technology and are a more
reliable service. The free services do not necessarialy agree
with that assessment.

And most importantly what about the users? We spoke to
several who simply had problems getting the free services to
work at all. There were reports of engaged signals when trying
to sign on. However not all were unhappy. Once a service was
operating, they were fairly pleased with what they got.

It is hard to know exactly the number of free services that are
currently available but visit our Links page to find some Web
Sites that assess the free services that are currently
available. The major advantage with the free services is - if you
don't like one, you can move easily to another.

What is your view on free ISPs? Let us know, write to
dot.radio@bbc.co.uk - your views may appear on this
page.

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