Many of you are probably lying there bleeding and wondering what hit you. Those who expected to strap onto a rocket and zoom upward have watched in horror as the advent of coverage produced a resounding phffft, share price fizzled and crashed, and volume became anemic. Part of the problem is no doubt the downdraft that has been sucking at the entire high flying internet sector. Yet MINE has shown resilience and we've managed to stage a modest recovery over the last few days.
Having said all this let's pause for a moment, take a deep breath, and look at what we've got here.
A top web portal:
<<In March 1999, MiningCo.com ranked 3rd among all news, information and entertainment sites and 23rd among all web
properties (MediaMetrix, March 1999). MiningCo.com's unique visitors grew 23% as compared with February 1999, to 5.8
million for the month of March 1999, which represented the fastest growing web property in the Top 25, other than web
properties which grew through acquisitions (MediaMetrix, March 1999).>>
A company that has vested in it's employees:
<<During the first quarter of 1999, the non-cash compensation charges included a non-recurring charge for guide compensation as
a result of the company granting to its network of over 600 expert guides options to purchase approximately 200,000 shares of
common stock in connection with its March 1999 IPO. The $3.6 million charge reflects the fair market value of the options on the date of grant.>>
A company with visionary leadership:
<<Kurnit has set his sights on surpassing industry giant Yahoo. "There's no
reason I can't be bigger than Yahoo," he declared. "It's not as good as our
site. And we are only a shadow of what I expect to become.">>
So hang tight and have patience. This stock will come around. It's not a matter of IF it's a matter of WHEN. Mark my words, mark this post.
Good luck to all. |
