Hi everyone:
"Starting to wonder about PNLK.The Internet stocks are going thru the roof. VERT which is a business-to-business commerce site has gone from 16 to 105 in one month or so."
Again, one cannot compare an apple with an orange. VERT (VerticalNet, Inc.) is listed in Nasdaq where exposure to big money is much greater. Furthermore, if you check VERT's profile under Yahoo: biz.yahoo.com , you can see that VERT only has a float of 3.5 million shares and an outstanding shares of 16.3 million. Not only that, despite a negative earning of 5.27 million, it has sales of only 1.21 million dollars. Yes, it is losing money, but the sales prove that customers are using it.
IMHO, once PNLK can prove that subscribers are using its Webtool with a healthy subscribers number to show for it, you will not see PNLK's price at this level again. Remember, subscriber paying for the use of Website is still a skeptical business concept in the world of free internet. And PNLK will have to be the first one to prove that you can make money charging for the use of Webtool. And IF PNLK can pull it off, LO AND BEHOLD, a profitable Webtool for e-business????? What do you think the PNLK price will do when VERT can reach a market capitalization of $1.68 billion based on negative earnings and a small sales to show for it.
This, I believe, is what the high rollers here are betting on. Long shot??? We will find out within a year or two. But with all the blocks lay out so far, I see the odd may be in our favor...
Again, all of the above is my opinion only.
Remember everyone,
To Each His Own,
And
Prosperity to ALL!
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