LINC - Plenum Communications (was PLNM) Message Board

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Microcap & Penny Stocks : LINC - Plenum Communications (was PLNM)

LINC 25.12

-0.1%

3:59 PM EST

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To: Larry Brubaker who wrote (292)	5/20/1998 12:31:00 PM
From: Bill Hanna	Read Replies (1) of 837

Larry--Thanks for bringing up the points you did in responding to my attempt to get good input on this board. This is what we need rather than name calling and hype. Let me attempt to address them in the order you listed. You should understand that my information comes from one quick conversation with Board Chairman Anders and what I have found on the web about PLNM. Point 2--Mr. Anders stated there were about 200,000 brokers in the country. According to info I found (think in a press release) they do sign up individual brokers but give discounts when several are located at one Brokerage house. I do not know how many they can sign up but the market is obviously very large and since they are first it is a great opportunity if they do it RIGHT. Point 3--Full reporting company with the SEC--They stated this in a press release and many BB stocks will tell you of plans but don't put it in writing. I agree it may never happen but their putting it in print adds credence to it. Point 4-- Regarding sale of product to Retail Customers. Mr. Anders told me the plan is to provide the Retail Customer (Homebuyer) the information for FREE. The revenue would come from the mortgage companies that the retail customer selected for their loan. My understanding was that PLNM would get a fee for finding the customer for the mortgage company. I agree, their are many mortgage companies that provide free rate quotes but this one will provide it free and the customer will have a much better selection. Again, this will be free for the homebuyer but PLNM will get their money from the mortgage company. Point 5-- Regarding customers wanting the best deal--PLNM has an extensive list (over 350 different companies-if memory serve me right) for homebuyers to chose from which should mean a customer will get the absolute best rate. According to PLNM, this additional servive will be a part of the current website so very little cost should be involved in adding this feature. Point 6--Revenue from broker signups is not the only income for PLNM. They currently have advertising on the site (name brand) and the retail side should kick in this year also. However, profits this year will be small when compared to out years. If they get 20 % of 200,000 brokers that would be 40,000 and the profit would increase substantially. Hope this helps, and as you know my info is limited but I believe this one is for real. Thanks, BILL

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