TsioKawe..........
Actually, you know I'm not one for charts.
You also know I'm not a big trader like yourself.
Regarding my mtg 1 1/2 yrs ago, it does have relevance
in several ways.
Glenn is always saying "bashers" make no effort
to understand what PNL is trying to achieve and
nothing about trade.
Glenn also says "bashers" hide behind online
anonymity.
To begin with I'm not a "basher".
Glenn knows exactly who I am.
I have made a concerted effort to understand
how trading has been done previously with
freightforwarders facilitating commerce.
I have also made a concerted effort to understand
how each service and enhancement by PNL has been
done to quite literally make PNL a one stop shop
for every import export need.
Moreover, I realize what an herculean effort this is.
So, much of what I learned previously hasn't changed.
What changed was the emphasis of how the company intended
to generate significant enough revenue to generate
earnings.
PNL always had transactions fees for faxing,plus other
services and always had advertising fees for banner
placement, et cetera. Transactions and advertising though
had been previously subordinate to anticipated
memberships.
Thus the "plan" didn't change, the emphasis did.
Previously PNL was going to concentrate so much
content, that people were going to join "overnight"
as members due to all of this content being
aglomerated on one site.
Now tsig still needs those same people to show
up and do transactions and watch content on PNL-TV
without making a lengthy commitment so that their
advertising "space" is of value to advertisers
trying to get sticky eyeballs.
The first emphasis ended up flying in the face of
internet psychology..of let's get what we can for free...
thus the whopping $7 G for all of last year for
membership fees.
The new emphasis, doesn't necessarily get everyone
to stick because they're not committed members,
but basically IMO the whole thing comes down to being a
"volume" model of doing business and generating revenues,
meaning PNL is using content to attract visitors to
demonstrate to prospective advertisers that PNL's tv
and web site are worth the rates to place advertising
and buy infomercials.
Like I wrote before, with the internet rapidly expanding
in the number of sites and content, advertising gets
diluted.
Also within certain industries like automotive,
construction, and aviation, trading partners are
consortiums and are setting up their own b2b networks,
so within many industries PNL is superfluous.
Moreover, PNL's ultimately is in a chicken and egg
situation since w/o members, or, at least, registered
users supplementing their database, the database remains
inadequate in being a really legitimate source for leads.
W/o leads and a good database, the best reason for making
a greater commitment and for using PNL's other
services gets somewhat marginalized.
Anywa, just my opinions...thus, you're right
in one respect Tsio, a lot has changed since my
visit. VERT and GM and others have developed more
focused b-models and effective ways for utilizing
the internet for b2b trade, and both membership and
volume models have been demonstrated repeatedly not
to generate enough revenues to offset increasing
marketing and operating costs.
So happy trading Tsio.....watch those arrow
patterns in your charts closely, since those
arrows can get stuck in your behind.
I'll just hold onto my remaining 1000 shares "just if"
PNL can build their field of dreams. Sold 4,000
like I said I would if Glenn didn't get back to me.
Guess GZ likes to be asked tough questions only with
comfy pillows.
Good luck - from your trading post
z
Btw- Maybe you can barter something to PNL for
a link onto PNL's site for your tribe's cause. But
be weary, Glenn's good at bartering, so stay away
from those blankets with small pox.
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