HouseHoldDirect.com (BYIT)-The Next SAMS/Walmart Ecommerce Message Board

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Microcap & Penny Stocks : HouseHoldDirect.com (BYIT)-The Next SAMS/Walmart Ecommerce

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To: Jeffrey L. Henken who wrote (2283)	5/12/1999 1:14:00 AM
From: Dave Gore	Read Replies (2) of 2994

CONVERSTION WITH JOHN FOLGER (summary): PART 1 I had a whole big report ready for you guys, when my AOL crashed. A nice Q& A layout, but then...... YIKES! I am in a hotel room tonight and I HATE AOL! I am not going to retype everything tonight, but the report was favorable. Here are the highlights. 10M of the shares held tight by insiders and long term investors for the long haul (I believe him when he says that...obviously this is a TON of work and the payoff is huge (if they execute) What we are calling a PP was a 504 (some got stock under 20 cents but that was when the stock was near that level, and the rest were at 46) The 504 by definition is $1M of stock. Someone is selling but feels not many of the 504 folks since they get an extra share for holding until Jan 2000 Selling should be close to done, since otcbb.com shows 1.5 more shares more in float than a month ago (he is probably right) The acquisitions are getting closer to fruition but he is a little frustrated at how long the auditors have taken. Soon though now. Acquisitions paid by restricted stock. New PR firm run by a good and known associate who is working only for cash. SUMMARY: I was impressed by how well he listened and I think their gameplan is very sound. I was only concerned about how much they took on at once with all these potential acquisitons, but he felt it necessary to grab these deals before someone else did. Not only do they get mostly profitable, high cashflow entities, but they get both the physical locations so they can sell furniture and other items that people need to SEE before they buy, AND they get a very valuable database for their unique, personal/custom service program. More later on that. I think everyone will feel better in 2-4 weeks as the first of the acquisitons get done. Even if all don't pass the test, some of the 9 will and revenues and cash flow will begin. MORE LATER THIS WEEK

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