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Microcap & Penny Stocks : HouseHoldDirect.com (BYIT)-The Next SAMS/Walmart Ecommerce
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To: Jeffrey L. Henken who wrote (440)1/3/1999 7:59:00 PM
From: Frank Buck  Read Replies (1) of 2994
 
Jeffrey L. Henken,

Thanks for the link to that recent article which mentions the Internet IPO market. I have watched most of these things explode and have scratched my head in amazement.

When it comes to RDIM I have to admit I am again scratching my head. Given the $30MM pro-forma revenue projections for '99 .... I can hardly believe that the share price is where it currently sits. I can only guess that this is a function of a few important details:

1) The non-defining Company name

2) The BB OTC status and the limited amount of relevant financial info

3) The lack of anything physically substantiative to see from an investors vantage point

4) The prospects for this thing to turn sour as a result of non penned acquisitions

Hopefully the above issues will be addressed and modified accordingly. As you are probably aware... timing is of the utmost importance when it comes time to raise a share price. Particularly when it is being used as corporate currency for acquisition purposes. Timing as of yet just doesn't seem right. But I would rather be in early than miss the rise that I expect will accompany the name change and the BETA site premier this month.

I have listened to the Audio Confernece call playback and must admit I am rather confused about the announced Asian play for RDIM. Are they suggesting that they expect a significant Asian membership and membership buying market from their Asian website? A stock brokerage system in Asia??? What's up with that? I hope they aren't spreading resources too thin.... as it seems like management is tackling an ambitious under-taking.

Any ideas what the expected name of the website might be? Let's see what news if any comes out this week.
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