Craig - thanks for posting that 10k url. Well worth reading.
If I read correctly, only 12,325,788 shares outstanding;
of those, 8,000,000 are issued to founders.
I guess that makes the "float" only 4.325 mil. Not Bad.
A lot of interesting reading! Going head to head with some good competition. "The Company believes its competitive strength will lie in being first to market with IP telephony services. It also believes it is likely to move faster than a giant telephone ompany."
E-button sounds verry interesting.
"EXPLOIT E-BUTTON AND CONTINUE DEVELOPING ENHANCED SERVICES THAT
UTILIZE THE COMPANY'S NETWORK
The Company is a re-seller of certain third-party software which
it markets to its customers under the product name "e-button." The
Company believes this product is the best of its kind available in the
marketplace today. Its size is small and thus quick to download and
install and easy to use. See " Products and Services; e-button."
Interestingly, they seem to have realized the significance of this type of application, which appears to be similar to PNET's product. I used PNET's, and it works! If E-buttom works as well, or even better, they have a huge market for it.
It's a pretty strong business plan/model, and if they have even moderate success in sales, the potential for extraordinary growth and income is there.
Obviously, shows an accumulated loss (from developmental stage), 1998 being their first year of any income. This should change dramatically from the launch of the service.
I plan on holding and accumulating ACCR; I gave up on Worldcom way too soon; think I'll stick with Access for a while!
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