Transnet-TRNT Message Board

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Microcap & Penny Stocks : Transnet-TRNT

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To: Khris Vogel who wrote (137)	7/3/1997 7:47:00 AM
From: Bob Davis	of 140

Khris, Nothing new.... You have already received the June 22nd Update Issue, but I'll copy it here for anyone else who is interested. TransNet - TRNT: On June 16th the updated Analysis of TRNT was posted at the Napeague Web Site. Although I have subsequently had an opportunity to talk with the Company's management, I am hoping to meet with them within the next week, so that I can resolve my opinion about the Company. At this point I am undecided - and I do not expect to see year-end results until late summer at best, with the 10-K unlikely to be available until the end of September. An article in the Wall Street Journal on June 19th was headlined "Personal-Computer Resellers Report Short Spring Slump". See interactive5.wsj.com The last TNL Update Issue stated that "Although there appears to have been a turnaround in this (down)trend over the last three days...." Well, this mini-rally took the stock to the $3.00 level, but technically, this move now appears to have lost momentum. At this point, I am no longer a buyer of TRNT, although I will continue to monitor the Company and continue to feel that it will prove to be a successful long-term investment.

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