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Non-Tech : MILLIONAIRE. COM........( MLRE )
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To: autocard who wrote (2549)6/9/2000 9:03:00 PM
From: Bear Down  Read Replies (1) of 2664
 
MLRE came out with a new PR today announcing they are going to become an ISP. If history is a guide, it will be another wanna be dream of MLRE that NEVER happens.

Now let's see a little list of MLRE's past

Dec. 1999 MLRE released a PR stating they were buying 2 New Orleands Auction houses. They never did.

Then they announced buying gatsby's and rescinded the deal although never recovering 10% or 440,000 shares (according to their own 10SB)

Recently they announced a new TV show with E-entertainment. Hasn't happened.

Now they have a commercial that MLRE has no money to even run so people VERY close to the company spam a link to it on investor chat boards, nice marketing guys.

And today they say they will become an ISP. I say they are full of BS. There is no way MLRE can ever compete with large ISP's. small ISP's are biting the dust everyday. Can you say Braodband? Cable? DSL? Sattelite?

They can't even figure out what type of business they want to be. I have done extensive research regarding upstart ISP's and I feel comfortable stating that this will be another MLRE failure.

To me this would seem like nothing more than a hype campaign to help an ailing stock.

There is a large lump sum payment due on the magazine if my recollection of the 10SB is correct. Where will MLRE get the money to make that payment? Maybe they can go back to offshore eddie at 10 cents a share.
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