NETOY.com Corporation - my DD to date
netoy.com (beta)
I've put together what I could find over the weekend. I haven't spoken with Netoy nor the PR firm, therefore some corrections may be required. This is just my DD and is not meant to be at all inclusive. I'll use the following as 'talking points' when talking with NTOY's PR + partners this week. A lot of the info below comes from a synthesis of posts by 'azfutures' on the Raging Bull NTOY thread and just from wandering around the investment web sites.
NTOY are moving very fast now as they want to be trading and known before the E-toy IPO on April 15.
As I now like to say with stocks like NTOY that are new and have great potential:
"I smelling big time here!!"
In brief: IMO - looks very compelling - small float, aggressive, keen, already linked to some high profile top quality brand name products, strong independent financial backing, further acquistions to come, major well-publicized web site launch in one week - Monday, March 29.
Fax from PR firm:
"NTOY plans to place advertisements on various high profile and high traffic conduit websites, including Alta Vista, Yahoo, Pointcast, Excite, Lycos, Infoseek, Quote.com, and CNN. These advertisements will usually take the forms of banners that encourage readers to click through the company's virtual store"...
1. Public Relations firm
Art Martin (407) 696-2221
Fortune Marketing & Capital Consultants, Inc.
e-mail: ir@fortunemarketing.com
Ask for the 4 page NTOY information fax
2. News
allstocks.com
[ Just use "NTOY" in the search window. Yahoo appears to have the complete set of News from last week ]
3. Briefing.com NTOY overview
briefing.com
19-Mar-99 13:00 -- 14:00 ET NETOY.COM (Bulletin Board: NTOY) 12 1/2 +2 ¼
Another new internet company comes on the scene, but this one comes out of nowhere. Last Friday, Netoy.com did a reverse merger with Banyon Healthcare (BANH), where Banyon does the acquisition, then the old directors and officers resign and the new Netoy management takes over. They immediately did a 1-10 reverse split, then began an aggressive PR campaign, with at least one new press release every day. But the company is a non-reporting company with the SEC right now and we had to make some phone calls to get information on them. Here's the only relevant financial data we could dig up from their PR firm and the company itself.
· FLOAT: 1.5 million
· OUTSTANDING: 7.5 million
· MARKET CAP: $90 million
· REVENUES: None yet.
· CASH: about $1 million
According to Michael Maus, Executive Vice President of the company, the company has about $1 million in cash, and is actively seeking $10 million in private placements. To build a revenue stream, the company is also seeking to acquire other, unnamed companies. The game plan for the company is to sell toys which are usually found only in the specialty shops, not in Toys-R-Us. To that end, NTOY has signed agreements with Gund and Irwin, both of whom sell specialty upscale toys. The company was founded in October 1998, and has been hustling to put themselves together since. We aren't fond of reverse mergers to bring a company public, it usually puts a company on the market too soon. But the company is definitely moving quickly, or at least appearing to, as it put out another press release just moments ago about acquiring a specialty doll store. Mr. Maus states that the company is actively trying to expand quickly, and he stated "give us a couple of weeks and we will "look" like a whole different company." By this he means, more products, people, and more acquired companies. At the very least, they will probably have more press releases, as so far, that's the only product of the company. The web site, at www.netoy.com, isn't planned to open until March 29.
4. Smart Stock Pro - NTOY Profile
[ Enter your e-mail address for the free trial and cut and paste these URL's ]
stocksmartpro.com
stocksmartpro.com
[ Ignore the BANH part of the chart. Bigcharts shows NTOY's trading much better - all of one week's worth! ]
stocksmartpro.com
5. DailyStocks.com - NTOY profile
dailystocks.com
6. Three of my earlier NTOY posts
Message 8424607
Message 8424607
NB Photo of Michael Cao (NTOY Pres. in Small Cap J. story)
Small Cap Journal NTOY article - text
Message 8424656
Message 8424656
Links to partner's, acquisitions mentioned in last week's PR's
- Gund Inc, Irwin Toy Ltd, Welden Museum of Fine Collectibles and
Beverly Cunningham.
Message 8428106
Message 8428106
7. Web site registrations
NTOY.COM, NETOY.COM, NET-TOY.COM
networksolutions.com
networksolutions.com
networksolutions.com
Registered to Michael Cao (NTOY president)
8. NTOY and symbol history
NTOY was born from BANH and a 1-for-10 reverse (March 12 News)
go2net.newsalert.com
news.stocksmartpro.com
news.stocksmartpro.com
NTOY acquired the BANH shell to provide them with OTC BB functionality. All BANH directors were removed. There is no residual link remaining between the former BANH and the new NTOY.
Symbol history
[ NTOY has no ongoing relationship to the former symbols - I just put the info here as an FYI for folks who follow symbols]
12-Mar-99 NTOY Split 1 for 10
12-Mar-99 BANH Symbol changed to NTOY
23-Dec-97 BANH Split 1 for 3
23-Dec-97 SNMG Symbol changed to BANH
02-May-97 ELVZ Symbol changed to SNMG
9. OTC BB information
Daily List March 12, 1999. BANH -> NTOY
otcbb.com
Daily List Column Headings
otcbb.com
OTC BB Glossary
otcbb.com
Questions concerning OTC BB changes should be directed to : Jim Dunn at (203) 375-9609 (From web site)
Ten MM's cover NTOY
otcbb.com
otcbb.com
Registering to Make Markets in OTCBB Securities
The OTC BB operates as a dealer system. As a result, all securities being quoted on the OTC BB must be sponsored by a participating Market Maker that registers the security by completing a Form 211 unless an exemption applies. The Market Maker must submit a Form 211 to the NASD OTC Compliance Unit along with two copies of the required issuer information no less than three business days prior to publication of a quote on the OTC Bulletin Board. Once cleared, Nasdaq Market Data Integrity will notify the Market Maker that it has been registered in the security and may enter a quote.
FYI - OTC BB Site Map
otcbb.com
10. Synthesis of posts by AZFUTURES from Raging Bull's NTOY thread
ragingbull.com
'AZ' is a professional in the investment field (his posts provide the contract info - I'm not going to put it here). This is my summary of his posts:
*[RB NTOY #8] Shares outstanding - 7.5 M (million)
Shares in float - 1.7 M
Shares in 'market' ~ 500k (Insiders holding the rest)
Acquisition of two companies done with additional 700k-1M shares which have no float and held for 1 year.
Bringing three *.com companies public over the next six months and will own 500k shares in each. One is a mortgage company, the other investment area
* [RB NTOY #10] Brokerages now following NTOY
* [RB NTOY #24] Linkage with Tiger Electronics of Furbies fame
* [RB NTOY #28] 10,000 sqft warehouse with option for another 10,000 sqft in April
*[RB NTOY #35] Web site debuts on Monday, March 29.
Ad in The Wall St Journal same day. Ad in USAToday, Thursday April 1
Broadcast fax distribution Friday, Saturday, Sunday prior to launch
*[RB NTOY #42] Soon to announce addition of a second PR firm
*[RB NTOY #55] Broadcast fax on 25/26/27 March (which is T/F/S - not F/S/S as in #35 - minor error) going to media, TV, brokerage houses.
WSJ add ¼ page on March 29
USAToday add (April 1) in LifeStyles section
Lot more News to come the week of the launch (March 29)
*[RB NTOY #58] Fax from PR firm:
"NTOY plans to place advertisements on various high profile and high traffic conduit websites, including Alta Vista, Yahoo, Pointcast, Excite, Lycos, Infoseek, Quote.com, and CNN. These advertisements will usually take the forms of banners that encourage readers to click through the company's virtual store"...
*[RB NTOY #72] Last Friday - volume high on Buy orders. Selling (days) on low(er) volume. Momentum building.
*[RB NTOY #75] Analysts likely to start following NTOY in about a month - following acquisition and average volume levels stabilizing.
*[RB NTOY #79] Next acquisition financed by 750k restricted shares + cash. Will provide NTOY with immediate cash flow of ~$44M (million) and earnings of ~$1M.
*[RB NTOY #86] Portal news not till website is up and running (March 29).
*[RB NTOY #87] Short vs long battle. Too much News coming over the next two weeks for volume to tail off due to waning interest and concurrent price decline. Short squeeze potential.
*[RB NTOY #93] Michael Cao (president) has been working on NTOY for ~ 1 year and has talked to many potential partners and interested toy companies.
Asked Cao why they didn't go public through an IPO - AZ "have big backers and didn't need the money"
*[RB NTOY #94] NTOY will start reporting soon.
*[RB NTOY #103] NTOY moving very quickly now - want a trading base, exposure prior to the E-toy IPO on April 15.
Looking to become NASDAQ listed in the near future.
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