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

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To: WallStreetTips who wrote (884)5/2/1999 3:10:00 PM
From: Matt Brown  Read Replies (3) of 1125
 
WST and all,

I had an hour-long talk with CEO Henry Val last night. We talked about the company, its goals, and things coming up.

I think I recalled someone "doubting" the credibility and honesty of this man, so I put him to the test. I asked some questions, that would be considered "insider" info. Obviously, this is illegal and he knows it. When I asked about a certain area, he quickly replied "I am not allowed to comment." This, in my opinion secures it with me. This shows his credibility and that he will not just give out info to anyone to run the price of the stock.

Something that I was also interested in is that they are hiring more programmers. Some of them are working huge hours (20+). I said, yea right! But he said that it was true and they put up with it because they were getting nice bonuses for doing it. Very good strategy, I thought.

Also, interestingly enough, he said that my post on CIGI (back on the message I posted) was absolutely correct as far as the BOD getting kicked off and them taking over.

Oh yes, this will make your day. After the audits are done, which will be very soon because the past 2 years had to be done...that was the delay!(read the email Henry sent, its on RB and I think someone posted here) After that's done, there will be an Annual Report, and a shareholders meeting that we/I requested! yea!!! He is currently working on the date. It will most likely be in the New Jersey offices, not the Miami offices. If I can not attend, there will definitely be someone there from Club Fatt! at the conference.

Looking good guys!

FM
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