Hey Buddy,
As always just trying to be a voice of reason :) I love this medium and think that is the future - actually I feel reasonably sure I KNOW that it is the FUTURE. I want to be one of those no Bull Sh** voices that builds trust. I am always alarmed by Bulletin Boards that reach the level of optimism that this one has. Not saying (YET) that it is all hype, but I am not buying into it yet. I need to fully understand a company before I put down my dollars -- that way I sleep well at night.
As and aside; this appeared after the bell. Gotta watch those BB stocks. And please -- (with a long sigh) PLEASE don't flame or insult me saying that I am Short. If I am long or short a stock I mention it along with my rationale. (RUDY - This of course is not directed at you.)
Wednesday May 13, 4:04 pm Eastern Time
Company Press Release
Chatfield Dean & Co. initiates coverage on Pro Net Link Corp.
GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--May 13, 1998-- Chatfield Dean & Co., Inc. today initiated
coverage on Pro Net Link Corp. (OTC BB:PNLK - news; OTC.BB: PNLK.BB/(PNLK.OB)), with a SELL
recommendation in a two page research report entitled ''Fundamentals do not support current valuation: buyer beware.''
Please add our analyst coverage to your database.
ProNet Link is grossly overvalued with a current market capitalization of approximately $300 million, based on a recent stock
price of $8.00 with 37,849,500 shares outstanding. Pro Net Link is a start-up company with no historical revenues to date, a
net loss from August 1, 1997 through April 30, 1998 of approximately ($350,000), Cash of only $300,000 and equity of
($20,000). The Company currently has not completed its web site, and there is no assurance as to when it will be fully
functional. As with any start-up company, projections are typically rarely obtained; therefore we believe the Company is
grossly overvalued based on our projected market valuation. In addition, Pro Net Link is not currently a full reporting company
as to its financial condition. Research report to follow.
+ Rating: SELL
Contact:
Chatfield Dean & Co., Inc., Greenwood Village
Analyst: Cheryl J. Bostater, 303/740-0006 |
