All fans of........Part 3
RE: Web Site Problems and Development
Proxicom provide strong sales pitch, then couldn't execute on their sales pitch.
Thus, Version 1.0 equals getting web presence establishing framework for further development and most importantly establishing leadership status and brand name in this particular internet sector.
Version 2.0 equals provides rudimentary tool for import/export business building upon existing model established and limited by Proxicom in accordance with schedule already established including Unz forms and Royal printing.
2.0 Attracts members in the hundreds rather than the thousands, gives G.Z something substantive to market and affirms leadership status as per deals with Brokers Association and Israel Chambers of Commerce.
Trades are transpiring via the tool as is with the support of existing freight forwarded who facilitate transactions.
Version 3.0 is the breakthrough product that will re-engineer the product with Rare Medium's input and supervision of several other sub contractors including Click!Online. From what I understand Click! is not the only other "sub" developer on board.
As Version 3.0 is being developed, relationships are being formed with other chambers of commerce in other countries like Egypt, Ireland, and many others. So when the Version 3.0 is available members will joined not individually but collectively for each country.
Well that's the theory at least...Now we all have to wait and see about the execution
Glenn likened PNL to a office tower.
Proxicom poured PNL's initial foundations to build a 50 story building. But as PNL was waiting for the order of steel to arrive, PNL learned of a superior foundation design by Rare Medium that allowed for the erection of an 100 story building on the same site.
The delays and redevelopment required to modify the foundations for this additional expansion took time and effected the short term valuation of the company's share price. More importantly the change in web developers delayed the marketing and impacted the current membership numbers.
However, as the new Version 3.0 web site is being developed, Glenn has been traveling the world and building the network of relationships with companies and Chambers of Commerce as has been noted in prior posts.
During the course of my meeting with Glenn and Dave, Glenn was interrupted twice to take calls from Geneva. Glenn, if I recall correctly, also said he had conversations with an European division of the Unilever Company.
Btw- want a good indicator of what's in store for V3.0? Take a look at this site nytimes.com designed by guess who? The Rare Medium Group...that's who! Same darn rascals designing new V3.0 site. V3.0 is gonna be GREAT!
RE: the 10sb:
The 10sb is the "operating" history including financial balance sheets.Companies have to have an operating history (ie. be in business for a sufficient length of time) before they can file a 10sb.PNL is just meeting that threshold. PNL start up time was also hampered by using Proxicom. PNL's first set of financials released from what I've been forewarned will not show stellar numbers. Since this is a start-up, the balance sheet will reflect that during the first 8 months, or so, of operation (since May) that the company was starting up, more money was being spent on marketing and website development, and not as much money was being generated as desired initially in return from memberships or services.Two points:1).The website development to Proxicom and Rare Medium was paid in cash not options2). The $500,000 credit line is still intactWalker's compensation couldn't be revealed to me prior to the release of the 10 sb because this could be construed as sharing proprietary information that could be construed as showing preferential treatment to one particular share holder. Or, at least, Glenn and Dave weren't sure of the legal ramifications of sharing such information with me at the time of our meeting. Consequently, they felt the need to "talk to their lawyers" prior to revealing Dave's financial "package".As for company history and origination of shares,
RE: PNLK share price.
Presently, since no one at PNL is selling their shares, no one at PNL cares about the stock's day to day or near term valuation. PNL is concerned about building the networks and tools to build their business.Anyone who bought PNLK thinking it would be a BAMM, BFLY, ebaY, et cetera, bought the wrong stock if they expected an immediate return.
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