SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Anything Internet Corporation (ANYI)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: PistolPete who wrote (1322)10/25/1999 7:30:00 PM
From: brad greene  Read Replies (2) of 1570
 
Pete,

I think things may be a bit choppy for a while, they are clearly in a reorganization mode.......You just never know how people will respond. Here are some points from the call...good and bad.

I hope others will add to these....or clarify these. I had had a few cups of Blue Mountain coffee....and may have missed something.

1. Kroske has a reorganization/business plan in first draft form on the BOD's desk.....very exciting....many strategic moves to generate positive margin sales. Quick high exposure.

2. Restricted share plan is to show new investors confidence that insiders are willing to lock up their shares.....BANY will place most of their's in the program.

3. Sitra will finish up some SEC work for the company.....and also a financing deal for the company......Sitra gets 700k in options that vest over 3 years for this. They have a $1.00 strike price. Sitra drew a $1.00 salary.....and did relocate at his own expense......Reviewing other contracts Sitra made for possible revision.

4. Company will raise money......private placement most likely? They are addressing the financing problem.

5. Sales for Q1 were 40% below Q4......but gross margins were 4.4% instead of less than .05%.......The company has decided to trade sales for magins......make money on sales, instead of sales where they make no money.

5b. Loss for the quarter about the same as last quarter. No increase of losses even though sales were 40% less. (working on margins)

6. New websites before the end of the year. Higher margin sites.

7. The Kroske plan to be made public soon....pending final draft approval by board.

8. Hope that shareholders will hang in their as they make the changes....get the new program and new investors on board.

End

I may have forgotten stuff.....but this was the bulk of it. Although it was a bit rough....I do think it was up-front and to the point....and the call was not boring.....I will say that. It moved along briskly.

The new guy Krosge is very high powered....IMO.( I think he will take over)....and his plan (only described in generalities) will be rubber stamped. Krosge seems to have an energy I have not seen yet with ANYI.....very exciting guy.

The stock may have some problems tomorrow, Pete..I don't know. It is very unstable now.....and the MMs will do their thing. It is hard to say......because you never know who might be out there.....and what they may want to do.

I'm going to wait and see for a bit.....and perhaps look for a panic as a buying chance. (slap me in the face....but the websites are real)

I think there is something interesting about Krosge....and I do want to have a ticket to see his plan. I think he may have some heavy connections....and may be able to make some things happen. This is only my opinion, however.

Remember that I bet on the Mets....and I bet on the Yanks in 5 games. (jeesh...go Braves!)

Best of luck to all....whatever you may do.

bg
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News