Here's why MGCN (Megachain.com)is a great buy:
1. Read the pitch directly for yourself:
Go to megachain.com
and read press releases biz.yahoo.com
2. MGCN has approx one million dollars in cash and no debt. The overhead is low, with main expenses currently being for software development and (soon) marketing.
3. Look at how big Amway or Avon or Tupperware is. Now imagine if tupperware products had ads printed on the sides, and instead of trying to sell tupperware, all you needed to do to get your commision was to give the stuff away for free to your friends? Finally, pour rocket fuel into the concept by doing it all by email over the internet (the email contains freebies that the recipient collects by clicking). That's megachain.
4. The CEO, Tom Lavin, is the real deal. He founded Axion.net from nothing a few years ago, and built it up to one the biggest, if not the biggest, ISP (Internet Service Provider)in Western Canada (Axion is a publically traded company, on the Canadian stock market). He left Axion to start Megachain.
5. The float is approx 3 1/2 million shares. At today's stock price the entire company is therefore valued at only $5 million.
6. The principals are paid mainly in stock options that only begin to be exercisable in April 2000, and only a tiny fraction of them can be exercised each quarter thereafter. These means that the owners need to make the firm profitable for the long haul - no quick insider selling is possible here. The owners are in this for the long haul.
7. MGCN will be partnering with one or more corporations having a major net presence, and with one or more large Internet database and service providers. CEO Lavin is currently traveling around the US and Canada lining up these partnerships. Imagine the publicity for megachain each time one of these partnerships is announced.
8. MGCN will roll out this Summer with a very big splash. They are currently negotiating with at least one big New York IR/marketing firm to handle promotion.
9. FORTHCOMING NEWS:
The next news announcement, scheduled for around the end of May, will be the beta release of the company's coordinated marketing and commision structure software. Shortly after that will come bigger news on strategic partner alliances. Then, by midsummer, look for big revenue numbers to start pouring in.
Don't just take my word on this. Do you own DD. Call Bruce Harvey at 604-873-3388. He is one of the folks handling IR for MGCN.
Full disclosure: I'm not in any way employed by Megachain or by anyone associated with megachain. However, based on my research, I've purchased tens of thousands of dollars worth of their stock, and plan to make a ton of money selling it at some point in the future. |
