To: REW who wrote (30612 ) 6/8/1999 10:44:00 PM From: REW Read Replies (2) | Respond to of 44908
Followup from RB poster By: pairwize Reply To: 11002 by Mr._Moto Tuesday, 8 Jun 1999 at 10:28 PM EDT Post # of 11021 PP comments mr moto: I have followed this PP from its inception and believe that I understand the terms and conditions quite well. For all intents and purposes it is floorless (although not strictly so) and I agree with those who have speculated that some of the pp investors have diluted this stock. In other words, SC and others from SI has provided some sound analysis of the pp and I dispute little of what he says about it (although I could certainly nit-pick some points). It reflects desperate measures for desperate times. Thus, although the terms of the pp were far from ideal it was all that was available. No PP (on those terms) = no company. In this sense, it was good because the company survives with business plan intact, albeit trimmed and streamlined as of late. In my opinion, our focus must shift from PP issues and stock price to marketing and execution. Revenues / profits will make the pp a moot subject if the company strategy comes to fruition. I see no reason why it won't. Knowing what I know about the pp and business plan, I continue to hold. In fact, if one buys the argument that the pp folks have diluted the stock and lowered it's price, which I do, then one should also realize that the price has been artificially deflated, so to speak. Thus, anyone who argues that the pp has caused price deflation must also realize that it is a buy opportunity (considering price trends and other factors, obviously can't consider "earnings ratios", etc.). However, please don't construe my comments as a recommendation -- many other factors would need to be considered. JJ