An email I sent to Stuart Brazier. Will post the response:
Hello Stuart...
It has been a while since I bothered you with my questions/comments, so
I thought I would fire off a few more, just to stay in practice. I had
actually written a fairly long and comprehensive draft of this email previously,
but the Raging Bull email software erased it when I tried to edit it.
Therefore brevity shall be the order of the day.
First: Analyst coverage...Have you been presenting the PlayStar business
plan to any analysts/brokerages, and when do you foresee initiation of
analyst coverage? Will it be one or more initially?
Second: Float and Outstanding shares...The Investors portion of the www.playstar.com
website shows 28.5M shares issued and outstanding. Is this an accurate
number? Does the company know what the approximate public "float" is?
(By the way, I believe that same Investors webpage links to out of date
SEC information. In my opinon, it is very important to keep this page
constantly current, because it is the first place potential investors will
look for information.)
Third: Can you give me an approximate range of revenue percentage for
the joint venutre deal with MasterPay? The press release mentions "variable
rates". Can you elaborate on this? Ed Tarter has posted that he believes
this one deal is worth approximately 8.5 cents per share. Does the company
think this is realistic, overstated, or conservative? Off the record,
what kind of price targets are you shooting for in the next 6-12 months?
Fourth: I posted that the name NetEngine appears to be in use already.
It is a domain name for WorldNews.com, a news searchengine, and the name
of proprietary geographic location software from ESRI (http://www.esri.com/software/netengine/index.html).
Was the company aware of this, and would you foresee any problems arising
due to this situation?
Fifth: Is the MasterPay deal the kind of deals PlayStar is concentrating
on, i.e., having a third party assume account adminstrative duties in a
3 way venture with offshore banks? Are other deals possible with MasterPay
and other banks? Are there any other ventures nearing final stages? Timeframe
for announcement? It seems we will need a series of good news in order
to push the share price north of $2, in order to call the warrants. From
what I have read, the company indicated that it had operational funding
through June-July. Do you believe there are enough potential deals/projects
in the pipeline to succeed in calling the warrants before June?
Sixth: Quick Connect...What is the status? Is it operational yet? Are
there any licensees or revenue being generated yet?
Seventh: It is a common technique to include in a trailing paragraph of
a press release telling who your competition is and their stock symbols.
This makes the release appear on the radar screens of people who watch
those stocks. It also highly targets your message to motivated investors
within that industry. I suggest PlayStar utilize this technique in the
next release, or better yet, hire a professional online PR firm to promote
it. I think I understand the gaming competition, but can you tell me who
the company sees as competition in the encryption technology industry?
Eighth: Possible IPO of Cyberstation? Is this a near term possibility
to raise funds, or will PlayStar wait until momentum/growth has been firmly
established? Are there any current plans for this? (I am hoping that
you did not forget my previous suggestion of approaching David Wetherell,
CEO of CMGI, with your revised business plan. I still think they might
be receptive.)
Well, Stuart, that's all for now. I look forward to hearing from you,
or any IR person you might now have (?) assigned to this type of stuff.
As always, I'll post the response to both Raging Bull and Silicon Investor
message boards. I am hoping for exciting times!
Best Regards,
Todd Pagel
|
