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Gold/Mining/Energy : Valu-Net Corp (VNE on ASE - was Faymar)

VNE 36.95

0.0%

Apr 1 5:00 PM EST

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To: Mr. Fortune who wrote (461)	1/30/1999 6:56:00 PM
From: Curious Gamble	Read Replies (1) of 974

Mr. Fortune Where do you see this going in light of the Globe story The thing in the Ed Journal is nothing in the greater scheme of things. It basically says, "Gretzky and the NHLPA suing over pre-paid phone card-scheme." "Wayne Gretzky and the National Hockey League Players Association are suing a Calgary-based company over a hockey player phone-card scheme that allegedly went bust. According to the statement of claim filed in both Calgary and Ontario, Value-Net Corporation and its subsidiary, Value-Net Communications, owes more than $1 million US for the deal. The claim states hockey fans would buy the pre-paid phone cards, which featured the NHLPA player's photograph and signature. According to the claim, the cards cast the individual hockey stars as members of their respective teams or as members of the "98 Canadian Olympic team in Nagano, Japan. Value-Net was to pay Gretzky and 19 other players like Theo Fleury $10 for every phone-card they signed, plus additional amounts. Toronto Lawyer Larry Franschman, representing Value-Net Telecommunications, said his company will launch a counter claim." bi line Calgary Herald Southam Newspapers Even if successful this doesn't amount to a hill of beans in the overall scheme of things INMHO The big news report by the Globe is the controlling value here GJP

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