PHowe
Nice to see your interest here. Got busy last week and didn't have time to respond to your second question regarding valuation.
<Is everyone thinking $11, or will $6 represent success for most of you, them?>
Here's some things you might want to consider.............
1. There were probably some shareholders that sold into the $6 strength of Friday's news.
2. I was not one of them.
3. In response to your question regarding a successful valuation of SHAL, all eyes should be on SolutionNet at this time.
4. Two weeks ago, SHAL was IMO a venture capital company with one unsuccessful SIPOD.
5. I took a long position in SHAL early last week because IMO (a) SHAL was oversold due in part to the poor performance of Janus International, the first “SIPOD.” (b) the market had not fully added in the value of SolutionNet. (c) I added to my position on the markets favorable response to the ORCL 3/12/99 news release.
6. If the second SIPOD is also unsuccessful, all bets are off and we may have to stay in the “under $5” category at SI.
7. IMO the price break out indicates the market is now focusing on SolutionNet and not just SHAL + JNUS.
8. Don't know if there is anything official on the SolutionNet valuation, Sara Hallitex will hopefully be releasing information soon.
9. If SoutionNet SIPOD opens at “X” price and continues to trade in the offering range, the market may focus on simply the value added to the SHAL balance sheet, from the old trading range. Pick some price you like from the last two weeks and add Sara Hallitex's percentage of the new SIPOD voila you have a value.
10. If the second SIPOD demonstrates SHAL can bring a successful company to the market, we may see SHAL valued at a premium over simply the adding the Market capitalization from SolutionNet.
11.If SolutionNet's performance is deemed very successful, who knows, we may even begin to “look forward” to consider the (a) added value of the future SIPOD's (b) their yearly growth rate (c) debt ratios, (d) cash and things like .
12. ORCL ‘s nomination of SolutionNet and its E-NET-Internet Banking software, the proprietary Internet Banking Gateway and Software Technology, for the coveted 1998 Internet Technology awards may help this one get off to a good start.
Give Garrett Krause a call sometime, I'm sure he would be happy to any answer any questions you have about the company. Just my thoughts at this time, hope this helps.
Have a good week.
John
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