MegaWorld Inc. (MEGW) Message Board

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Microcap & Penny Stocks : MegaWorld Inc. (MEGW)

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To: Alex Sharp who wrote (881)	11/24/1998 11:51:00 PM
From: Emec	Read Replies (1) of 1058

I had a nice chat today with Charlie McPhail, new MEGW CEO. I was very impressed with his enthusiasm and sense of priorities. Number one priority is to put these companies together and build the business, as it should be. His other top priority is reporting status which will be done quickly. He understands the credibility issue with a non reporting BB. A non reporting BB can put out a press release stating the company's revenues will be $30 million but the market is always unsure until they see it in a SEC document. Next priority is Nasdaq which he believes they qualify for with the exception of the stock price. With the numbers MEGW should put out, the stock price should follow. Why did he choose MEGW? As a private company with an exploding business, he was in need of capital to continue expanding, as is the case with most private companies. Your choices for capital as a private company are the private capital markets (sharks) or the public market. Enter MEGW. He met the people there and liked the telephony and real estate business and felt it was a good match. I understand Mr. Mcphail is an excellent business person and I am glad he is at the helm at MEGW.

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