Chetan, the company has projected 40,000 subscribers at $360 per pop, resulting in sales of $14,400,000 + other revenues from advertising banners etc. in the $21 million area:
PNLK (Pro Net Link) $0.94
Pro Net Link (OTC-BB PNLK)
666 Fifth Avenue, Ste 338
New York, NY 10103
Closing Price (4/21/98) $ .94 Approximate Float 7,749,500
Market Capitalization: $35.578 million Shares Outstanding: 37,849,500 shares
52 Week Price Range: $.62 - $5.12
PNLK has projected revenues of $35 million for their first year, with after tax earnings of $8.7 million. This translates to EPS of $.23. Second year earnings are projected at $17 million, yielding EPS of $.44.
In the past 6 months PNLK traded as high as $5+ and fell to $1 on low volume through January. In March it was profiled by an independent advisor at $2.25 and has fallen to current levels. On Tuesday, April 21st, volume exploded to 815,000 shares, mostly in the last hour of trading.
The computer services industry is red hot (Yahoo, Infoseek, Excite, etc.), and this is a unique entry level in that industry with a twist. PE's are off the charts for this industry.
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