This is total text of the StockGenie E-mail from this morning. 1st part is the negative crap from the a-holes at Chats & Dean, and then the PNLK response that counters what the SELL recommendation was trying to say
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The Stock Genie - (http://www.stockgenie.com)
Company Press Releases: ProNetLink (OTC BB:PNLK)
Date: Thursday, May 14, 1998:
Questions? E-mail contact@stockgenie.com
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ATTENTION SUBSCRIBERS:
Pro Net Link, Inc. our March Pick-of-the month, issued 2 press releases
yesterday. The text of these releases follows.
THE EDITOR
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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
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Wednesday May 13, 9:12 pm Eastern Time
Company Press Release
SOURCE: ProNetLink
ProNetLink(R) Shows Strong Financial Numbers Prior to Launch
NEW YORK, May 13 /PRNewswire/ -- ProNetLink(R), pnlk.com, (OTC
Bulletin Board: PNLK - news), the world's largest Webtool(SM) specializing in
global trade, announced today that its financial balance sheet is available by
emailing zagoren@aol.com or calling 212-688-8838.
An overview of the company shows that as of May 7, 1998 ProNetLink had $335,314
cash on hand, and a credit line of $500,000. An additional advance of $150,000
came May 11th from company CEO Jean Pierre Collardeau, thereby giving the
company access to a total of $985,314. Short term liabilities are $52,091 and
long term notes payable over 5 years to investors are $347,200.
The ProNetLink Webtool is launching this week.
Through ProNetLink's worldwide database of 1.7 million companies, members can
locate manufacturers or buyers, send immediate requests for quotes, generate
the
international paperwork required to carry out a transaction, produce
inter-business
communications, determine trade rules, arrange for printing of color brochures
and
sell sheets, find up-to-the-minute exchange rates, and even arrange financing.
ProNetLink has developed banking relationships designed to assist the buyer and
seller in completing their transactions.
For a free tour of the ProNetLink site please visit pronetlink.com
or pnlk.com For investor packages please call ProNetLink at
212-688-8838. For investor or marketing and PR information please contact
Zagoren-Zozzora, Inc. at 212-629-6220 or email zagoren@aol.com.
SOURCE: ProNetLink
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