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Microcap & Penny Stocks : MXNT >> MaxNet Inc. >> Undiscovered Web Portal >> MXNT

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To: Michael Graham who wrote (827)	4/25/1999 8:41:00 PM
From: Matt Brown	Read Replies (1) of 1125

Might have found the float! I read this email again, that was sent out on an investment club I think... check out the bold. If true, this could be huge and explain the huge movements in the price of the stock-- On a post dated April 23, 1998-- Maxnet Corporation (OTC BB: MXNT $.875) Until 3 months ago when the former CEO stepped back into the picture, the Company was an integrated provider of complete computer and Internet communication solution packages. According to our sources, that day in January the "fur began to fly" when its founder fired the President and his Board and closed down the operation both in NYC and in Philadelphia, citing a number of "intolerable irregularities". The Company has now entered an agreement to acquire the first of several private companies with well-known, big money investors handling the funding. We have learned that the founder of MXNT is going to take a very strong posture and intends to aggressively go after acquisitions that will enhance shareholder value. MXNT was trading in the 1 3/8 range back in January, down from a 52-week high of 6 1/8. In addition, we believe the Street may be short up to 150,000 shares, out of a 518,000 share float. The Meyer Group looks for the stock to trade back to the $2.00 range short term. ----- They could be right! Many developments coming this week...Should be interesting! FM

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