BYIT Q/A Board Post: Answers to RB post #7087
From SmartStockAdvisor: Happy Holidays and answers to post #7087 on RagingBull.com
NOTE TO ALL: In the future, SmartStockAdvisor and HouseHold Direct ask that you pare down your individual questions to your "top 5" per week. SmartStockAdvisor and HouseHold Direct.com wish you the happiest of holidays. Members of SmartStockAdvisor will be on a short vacation to be with their families on Dec. 24-26 and Jan 1, 2000. Thank you.
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By: NefariousNed
Reply To: None
Thursday, 23 Dec 1999 at 9:30 AM EST
Post # of 7092
QUESTIONS FOR SSA:
1)Will the shareholder-generated FAQ (announced on 12/3/99) be posted later this month on the
1stNetTech web site?
ANSWER: That is the intent. SmartStockAdvisor is working with Alan Bell on the project. We likely will divide the questions into categories and continue adding relevant questions and answers over time. This FAQ should be of primary interest to new or potential investors, although current shareholders may find it useful as well. All "material information" will be announced via a Press Release first.
2)How many members have signed up to date as a result of the Phase I marketing program underway in Atlanta, Georgia and Birmingham, Alabama?
ANSWER: As it was so close to the holidays, the 8,000 member contact and conversion program of PCS members will start on or about January 3. First impressions are important and the holiday season was judged to not be the best time to initiate this program. The entire list of names, according to the Company, should be called within 2 weeks after start date. Phase 2 will start immediately after, and involves the mailing of "Welcome Kits" to those who decided to join HouseHold Direct.com as paying members.
Incidentally, approximately $1.6 Million in A/R is owed to HouseHold Direct from members of PCS who were financing their original membership to join PCS. Most memberships were $1,000. HouseHold Direct.com has devised an intriguing program to help ensure these members not only pay off the balance of their original obligation (which is something they are legally bound to do), but to join HouseHold Direct.com as a paying member. They will be offered a large rebate incentive (roughly equal to their original PCS membership fee) toward the purchase of select gear at the physical club location. Since customers are obligated to pay off their original PCS membership fee anyway, the Company feels that most will join HouseHold Direct.com as a member in order to try the Company's enhanced services and to be able to use the generous rebate.
3) What is Phase II of same?
ANSWER: see above
4) On December 13th, SSA announced the following on SI:
"We ask that all shareholders who have questions submit them to our e-mail address at smartstockadvisor@yahoo.com and not on the Internet boards."
On December 22nd, SSA announced the following on RB:
"HouseHold Direct.com and SmartStockAdvisor have worked out a program to now be more response to relevant and significant questions posed on the Internet boards and via phone or e-mail to SmartStockAdvisor. To set expectations, our goal will be to answer the important questions first, typically within 4 hours, if posed between 8am EST and 6pm EST. Answers that we have readily available will be posted sooner than questions that must be addressed by the Company. If an answer requires a longer period than 4 hours we will offer an explanation why. If a question does not get answered, we strongly recommend that shareholders please call or email SmartStockAdvisor."
Are both programs operational or did the later replace the former?
ANSWER: Both programs are in effect. The FAQ is primarily for new and potential investors, as it mainly consists of the most common and relevant questions and answers that may already be known to current, long term shareholders. The questions and answers at the site will expand over time. The new program announced here and on Silicon Investor on December 22 is primarily to answer some relevant questions on a more timely basis. Generally speaking, most board questions will not be used at the FAQ site, since many offer a quick clarification or address events of a temporary nature. We ask that shareholders still send their FAQ-type questions via e-mail to smartstockadvisor@yahoo.com.
5) How much debt did HHD assume from PCS?
ANSWER: This question was passed off to HouseHold Direct.com.
6) What percent of total revenues does HHD receive from Thunderstick's revenues?
ANSWER: This question was passed off to HouseHold Direct.com.
7) In what capacity does Martin Gerstend serve HHD?
ANSWER: Legal Counsel
8) In what capacity does the law firm in Dallas serve HHD?
ANSWER: McCue & Lee are the SEC attorneys. See PR dated September 16, 1999 for more information.
9)How many shares of RDIM did Pamela Wilkinson receive for using her shell?
ANSWER: Approximately 780,000 shares
10)Were her shares restricted?
ANSWER: Passed to Company; most likely not restricted.
11)What were the terms of the restriction?
ANSWER: n/a
12) In the Business Plan, under the topic Funding Plan, HHD states that they developed the plan to
obtain a $5,000,000 bridge loan in order to complete certain acquitions, finalize the web site and portal and provide working capital, among other events. There has been no PR stating that those funds have been secured. Is it a fact a $5,000,000 bridge loan has not been finalized?
ANSWER: Since this is a material event, a Press Release is the proper forum for announcing any material developments.
13)If the answer to #12 is YES, then what is the plan to accomplish those goals associated with the funds?
14)If the answer to #12 is YES, then what is the time frame to accomplish those goals associated with the funds?
ANSWER TO 13) and 14): n/a
15)How many shares of stock have been sold by:
John Folger
Ann Jameson
Alan Bell
Martin Gersten
Dean Barnes
ANSWER: Appoximately 1.4 Million collectively (which is a matter of public record). John Folger and Ann Jameson owned all the 144 shares, but gifted some to Alan Bell, Martin Gersten, and Dean Barnes. The money earned by the selling of shares sold by John Folger and Ann Jameson were loaned back to the Company to further its development.
16)What is the current OS and float?
ANSWER: As of 12-15-99, according to the transfer agent. Issued and Outstanding: 21,143,026
Restricted: 11,198,617
Free-Trading: 9,944,409
17) In the Business Plan, under the topic of Business Model, HHD states that there will be 81,000 members after the initial consolidation of the fragmented industry. Where does that number come from?
ANSWER: passed along to Company
18)Was Smilex the chief architect of the reverse merger and 504 PP?
ANSWER: no, Smilex is a web site contracted for use by the Company
19)Was Scott Frye the lead contact with Smilex for the HHD reverse merger?
ANSWER: No, he is/was a consultant used by HouseHold Direct.
20)Did Smilex receive a fee or shares for their work?
21)If the answer to #20 is Yes to either the fee or shares, what was the amount?
ANSWER: Paid in "gift shares" from the 1.4 Milllion shares that were mentioned previously.
22)When are the Market Makers in BYIT informed of the PR released to the public relative to the time and date stamp on the PR's themselves?
ANSWER: Market Makers never receive advance notice of Press Releases.
23)One of your answers to a board questions was that the auditors were coming in on January 3rd. What is the name of that firm?
ANSWER: King, Griffin, and Adamson. See Press Release from 9/16/99 1stnettech.com
24)Can John Folger stop himself from tinkering with PR's?
ANSWER: LaBreche and Murray, a distinguished PR firm, is now responsible for all Press Releases.
25)Who and/or what company is the prime architect of the upcoming new website?
ANSWER: Ligthmix Design, who apparently designed the Raging Bull site, and Thuderstick.
26)Will there be advertisers from day one of the release of the new website?
ANSWER: Will likely need to be answered in a Press Release first.
CONTACT: Investor Relations
SmartStockAdvisor
877-643-8821 (toll free)
e-mail: smartstockadvisor@yahoo.com
For more information, please visit:
1stnettech.com and
householddirect.com
Disclaimer: SmartStockAdvisor is a compensated agent of HouseHold Direct.com, Incorporated. Please see the
following link for the complete disclosure:
Message 12362141 |
