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Microcap & Penny Stocks : ProNetLink..(PNLK)

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To: WVMayor who wrote (6147)5/27/1998 5:25:00 PM
From: CoffeePot  Read Replies (3) of 8242
 
If the stock wasn't public in August 1997 then I assume that sometime between then and now the company did an IPO. Any idea where that money went??

Company financials as of May 1998

***Cash of only $300,000 and equity of ($20,000).

***The financials raise other troubling points. For instance, although ProNet Link is going to run a global Internet-based trade clearing house, it has less than $5,000 worth of computers. That would cover one really nice laptop or a couple of moderate PCs, but hardly the hardware necessary to support the kind of information network it has proposed.
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