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Technology Stocks : USAT Long Distance Telecommunications
USAT 10.55-0.3%Nov 13 4:00 PM EST

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To: TIMBO who wrote (173)1/29/1999 6:04:00 PM
From: STK1  Read Replies (1) of 397
 


USAT transcript courtesy of Dr+Vegetable

DR+VEG: portnoy talking
DR+VEG: "all things we have said are totally provable
DR+VEG: we will go thru agony of having ot prove we are real and proper
DR+VEG: I have received 150 calls today
DR+VEG: WE will prove we ar4e not a scam
DR+VEG: we will be stronger
DR+VEG: Now warner talking

DR+VEG: warner talking
DR+VEG: we a re still looking at Miami, ny, chicago, houston super pops in the n ext week or 2
DR+VEG: I am gonna start em and debug before we have traffic on em
DR+VEG: we do not have capcity on west caost to ahndle everyone that was signed up
DR+VEG: in the east that wanted to use the network
MAunger: here I am
DR+VEG: we will have have the capacity as we ramp up
MAunger: veg... can you save this log and post to Rbull?
DR+VEG: q: re SEC halt--when will it be fixed?
DR+VEG: "I am intouch with a\tty's
DR+VEG: I have faxed info to SEC
DR+VEG: Dunno how fast SEC will work to get off our basck, I dunno
DR+VEG: WE KNOW WE ARE FOR REAL
DR+VEG: they will eventually know we are for real
DR+VEG: they are not here to stop business but to stop scams
DR+VEG: In the long run we will persevere
DR+VEG: WE are real
DR+VEG: Warner: we have riled some people...they will get even more riled as we ramp up
DR+VEG: PORTNOY-we HAVE MAJOR SHORTS IN THE STOCK WHO DO NOT WANT TO
LOSE THEIR SHIRTS< AND THEY ARE
DR+VEG: they have tried 4 times to kill this xstock
DR+VEG: they have not been successful, and they will not be
DR+VEG: They are going to take a beating
DR+VEG: The co that filed a class action has filed probably 1000 of them
DR+VEG: that will "go away automatically" when the SEC clears us
DR+VEG: We are gonna prove to the SEC and the rest pof the world that we are for real
DR+VEG: SHORTS ARE GONNA TAKE A BBEATING; they have a lot of mnoney
DR+VEG: riding on our demise
DR+VEG: Q: Is there any proactive action the distributoers (tendmarks) can do?
DR+VEG: Portnoy: anything you do along the lines of inundating the SEC in LA, that is positive, you
DR+VEG: your congressman, SEC, etc., would be apreciated.
DR+VEG: Warner now soliciting a call to action
DR+VEG: Everyone upset with us beecause we are first to market
DR+VEG: He is giving pep talk noe
DR+VEG: now

continued

DR+VEG: This is more than a shot across the bow, I';; admit that
DR+VEG: We don't look at the SEC as a foe, they are here to keep the friffraff out, but we are not r
DR+VEG: riffraff
DR+VEG: WE HAVE DONE THE 8000 calls/day
DR+VEG: it is not fraud
DR+VEG: the problem was that the CA pop was overwhelmed
DR+VEG: when we went live
DR+VEG: It was not meant to handle all the traffic from the east that hit it
DR+VEG: (sounds like the CA system crashed under the weight of east coast access)
DR+VEG: WE HAVE A REAL CONSUMER NEEDS PRODUC@T
DR+VEG: (more pep talk)
DR+VEG: We need to dfo bus as usual
DR+VEG: (more pep talk---solike a revivial rally
: good old MLM!!!
DR+VEG: exactly!
DR+VEG: Call just about over
DR+VEG: Summarizing now
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