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Microcap & Penny Stocks : DWNS - Netbilling, an emerging e-commerce play.

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To: Zappo3 who wrote (8)3/29/1999 3:39:00 PM
From: MasterConfucius   of 33
 
Thank you for your response Mr. Ellsworth. I've been adversely affected a few times on these reverse mergers so it's always best to be prudent. But since your company doesn't seem to have a lot of outstanding shares at the moment, I don't forsee a problem unless you plan to issue an outlandish amount to enact the merger.

The only factor that I would want to see is the actual size and scope of Netbilling's current operations, i.e. revenues. I see that they claim 30,000 customers, which is very encouraging. Perhaps you will announce the results of the audit that seems to be underway.

Thank you for your time.
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