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Microcap & Penny Stocks : ProNetLink...PNLK...Click here to enter
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To: TRUTH who wrote (96)5/22/1998 9:54:00 AM
From: Lucky Lady  Read Replies (2) of 40688
 
Mr. Zagoren, There are two things that bother me about this article.

1. Press releases should contain accurate, verifiable facts.
The inability of the reporter to verify Mr. C's speeches and
seminars for cited associations looked bad. These credentials
have been much cited. This should be clarified.

2. I was surprised at the millions of shares owned by Mr. C,
his family and unnamed investors for such a nominal
monetary contribution. Of course, he deserves to be compensated
for his vision and two years of work to develop this
project. Nevertheless, such compensation should be
reasonable....I wouldn't expect it to include ones family!

However, I was much more concerned by the statement that they
could sell the shares starting Aug. 1st. You told us that
there were 7+ M shares in the float and the others were
restricted. Aug. 1st isn't long enough for us public investors
especially with such a huge profit available for them and
we are so early in the process.

I would like to see Mr. C,his family and the unnamed investors
agree to a voluntary restriction of 18 months.

Is PNLK's long term debt to or line of credit with Mr. C ?
I appears the $194,000 of the LT notes outstanding are to Mr.
C. It appears that his investment is being paid back with 8%
interest! I believe in reasonable compensation but this is
a public company--not a private one. There needs to be a
balance of interests and risks. Currently we public investors
bear all of the risk. Management should share in the risks
and rewards---as you are.

Is Mr. C salaried too?

Lucky Lady

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