Log On America is a HOT IPO! Let's get back to the facts.
It is incredible how often times the majority of information on message boards have nothing to do with facts and
often seem to be generated by disturbed individuals with "personal vendettas" they are taking care of. The best
information I have found on this particular offering was from a users entry on the yahoo board. I have included a
copy of some of this message below for the benefit of subscribers on this board. I was directed to this board by a
latter entry on yahoo that said I could come here to get the "facts" Unfortunately, once here I found there were no
facts but only foolishness. Please read on for information I consider valid in forming my opinion on what I consider
to be a GREAT IPO.
Beginning of quoted text
This message is to all my investor friends out there in cyberspace. I feel it is important to write this message
because I've noticed that these boards are great venues for people to talk about stocks and share knowledge.
However, do your homework too. For these boards are all "hearsay." Base your decision on whether or not to buy
on the proper mix of hearsay and facts. For more facts about LOAX "Log on America" I recommend that you visit
the following websites:
www.ipo.com
www.ipocentral.com
www.ipomonitor.com
www.freeedgar.com
When you get to these sites use the search key to look up "Log on America" These sites provide valuable facts
about the company.
Here are some facts I've learned through my research:
Fact 1) The company is a strategic partner with Cisco Systems and Nortel. Also, LOA has Shastri Divakaruni and
David Robert on its board of directors. Mr. Divakaruni workes at Cisco Systems as a Director of at least two key
divisions, including Director of Service Provider Marketing and Director of Broadband Fixed Wireless Engineering.
Mr. Robert has worked for Northern Telecom in various capacities, including Software Systems Engineer, Product
Marketing Specialist, Sales Manager and, currently, VP of Sales for Nortel Major Accounts. (My opinion: The fact
that LOA is a strategic partner with the two technology powerhouses shows that they are moving in the right
direction, have access to cutting edge equipment and is poised to grow by leaps and bounds. Also, the fact that
both Cisco Systems and Nortel have key management on LOA's Board of Directors shows their support and belief
that LOA is the perfect company to be involved with. The fact that these companies are willing to invest their time,
energy and key management in LOA, makes LOA a good investment to me.)
Fact 2)LOAX's vision appears to be to build a highly sophisticated network for phone, internet, video, audio, and
cable TV programming throughout the North Eastern United States. They appear to be well on their way and with
the funds received from the IPO and the backing of Cisco and Nortel this should progress rapidly. They already
have been approved in RI as an authorized CLEC. For more info on these aspects see www.freeedgar.com. (My
opinion... This is the right strategy and the right goals for this type of industry)
end of quoted text…
The fact is that this is an ISP / CLEC that is moving forward with some of this industries strongest leaders to
deploy a state of the art network to provide voice, data,and internet communication along with cable programming. Log
On America's existing structure only serves to act as foundation for what will emerge from this IPO and it's strategic
relationships.
On a final note, just to clarify some of the ignorance being spread by jctech. From what I understand Log On
America has more than 9 employees and is currently recruiting top talent that will lead to a large increase of their
staff numbers. LOAX will come out on the NASDAQ national big board and with the infrastructure upgrades and
partnership programs, just watch the revenue grow!
This is a company poised for extreme growth in an industry that is currently exploding. This is definitely a buy and a keep.
Best of luck,
BIF99 |
