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Microcap & Penny Stocks : XSNI - X-Stream Network
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To: VBroady who wrote (2469)8/2/1999 9:26:00 PM
From: donkeyman   of 3519
 
VBroady: I predict that big x-stream press release and their financials this month. Why I say this is most likely they were waiting to see what Freeserve was going to do on the Market. That's not chicken feed that US$4.5 billion market cap that FreeServe hit today. I would say all those other free UK- ISP's including X-Stream were shocked at that high market cap, the whole UK was shocked. Free Internet companies have been accepted with a high valuation. Those top UK-ISP's feel a need to move fast and get in on this action. I would say X-Stream has solid financials because Lucent Technology had to study their finances before backing that US$28 billion system. Money can't be a problem with x-stream. Look at that News Report showing they threw in US$6 million (Cdn$9 million) for their subscribers as a gift on their 1st. birthday. (Didn't they pay all phone calls from their X-Stream subscribers on that day)? That don't sound like X-Stream has money problems to me. (maybe they had to run that expenditure of US$6 million by Lucent 1st)??? What about FreeServe's financials they lost a good many millions to date and no one seems to worry about that. As proof by their high market cap of US$4.5 billion.!! It's just normal for a new Internet company to spend a few million over their budget to get their name known. When you buy Internet, it's the future you buy into, not the present. Down the road the top 5 or 6 UK-ISP's will make a fortune, across Europe.---VBroady--Only a few Democrats in Canada and they are up here Salmon fishing on rivers in Newfoundland and Labrador.!!
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