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Microcap & Penny Stocks : ProNetLink..(PNLK)
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To: Jester who wrote (6612)6/5/1998 1:26:00 PM
From: Scott H.  Read Replies (5) of 8242
 

Jester and others

I agree with you and others here who haves posted that PNLK needs to do the upgrades ASAP. The possibility of customers trying the site now for two weeks and saying, "this doesn't work" and then never coming back is also very real and may do more damage then we think - especially if they talk to others.

To avoid this or pre-empt the flight of customers, I think PNLK should extend the free trial period for all customers - at least until Proxicom is able to get the major improvements on line and working correctly. This would show a true effort by the company to work with the users to make the site functional and useful. The short-term lost revenue will be more then made up for by those customers who would have left and never come back (and spread negative word of mouth publicity)who now decide to stay because they see that the company is TRULY trying to make the tool the very best that it can be.

The other thought I have is related to the restricted shares owned by insiders. I may be wrong, but I believe those shares become unrestricted in August of this year. If the management and insiders who own those shares truly want to show their committment to the long-term success of this company, they should consider a voluntary extension of the restricted period, say for another 6 months to a year as they build the subscriber base. I believe this would have a significant stabilizing effect on the price of the stock, and would attract new investors who don't have to worry about tens of millions of very low-cost shares suddently being dumped on the market. DCHT made a similar announcement this week and it helped stabilze and reverse the decline of the stock.

All my opinion only.
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