Xin Net Technologies - BB: XNET - The Next Internet Stock? Message Board

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Microcap & Penny Stocks : Xin Net Technologies - BB: XNET - The Next Internet Stock?

XNET 7.680

-1.2%

Jan 15 3:59 PM EST

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To: Sprintcar who wrote (909)	4/6/1999 7:30:00 PM
From: FFNEODOC	Read Replies (2) of 1593

Sprint, I think they were in a rush to get it up today to coincide with the Press Release, Financials are dated... un-audited 9 mo ending Sept. '98. Subscriber base was only about 12-14,000 on 9/98 & currently at least 20,000 and growing. The audited financials that will go into the SEC 10 will be more meaningful. Expansion plans look solid but will cause some dilution with the financing (a lot less with current stock price than when it was 40¢ a share.) I'm most encouraged by their move to the 2 additional cities in China (as planned) & the intended application for move to NASDAQ. The "Flea Market" ala "EBAY of China" will be big because the Chinese don't throw away anything, and seems a natural extension of there current portal.(www.chnmail.com) E-commerce is also soon to be in place. Even the dated financials are substantially greater than those recently stated by IMOT. We took a hit today by the day traders, but to be expected after such a run. I think we'll soon recover as the news settles in. Can't see anything but growth for the future of this company. Frank

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