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Gold/Mining/Energy : Valu-Net Corp (VNE on ASE - was Faymar)
VNE 36.950.0%Apr 1 5:00 PM EST

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To: David in Ontario who wrote (621)2/4/1999 2:20:00 PM
From: ZEUS  Read Replies (3) of 974
 
We're holding steady @ $1.90-95. Would be nice to close at or above the $2 mark. Good to see that the stock is holding fairly steady today despite of what happened yesterday and the general downturn in the market place today.

I had lunch with the broker from Merrill Lynch. He was surprised to some degree to see all the attention that was garnished by this alliance. He also went on to say that it was imperative that a major partner was established. That being Citibank. He also informed me that this alliance will be releasing some news over the next month with respect to customers that are currently aboard and new ones that are close to being signed.

He made it poignantly clear to me that I should not worry about the share price. He feels very confident that we will see a spike upwards over the next week to two. According to him, several brokers (at last count 3 plus him from Merrill Lynch) all have been buying over the last 3 weeks.

As Agora mentioned in his post earlier today and having the chance to converse with this broker who was also there in attendance, I feel reassured about VNE. Even the broker told me, that many people expected this to go through the ceiling overnight (I admit I was one of those people). He said that they are moving in the right direction and are putting together quite an impressive business strategy.

If it dips into the 1.80 range today and I will scoop up some more. Still staying long on this play!!!!

ZEUS
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