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Technology Stocks : Log On America, Inc. LOAX -- Ignore unavailable to you. Want to Upgrade?

To: Sir Auric Goldfinger who wrote (196)	6/15/1999 6:01:00 PM
From: ISP_Investor	Read Replies (1) \| Respond to of 353

One thing I would throw out to all the LOAX investors on the long-side. There are 4000+ ISPs out there. One is in your home town. If you know the CEO or a high-level manager of that ISP, ask him what he could sell his ISP for as a multiple of last or next year's revenues if he/she were to sell it. Then post your answer. You'll be very surprised when you compare that number to the number that LOAX is currently trading for. Another good thing to do on the research front. Look at One Main- an ISP roll-up that used stock to purchase ISPs and thus paid extremely high prices for ISPs because they used stock(3-9X trailing twelve month revenues) and look at each acquisition and see how those companies compare to LOAX in subscriber size and management team. Post your findings. Although I am short the stock personally, I think it is important to let the investors on the long side know why I am short and try to help them understand the fundamentals of company valuation for ISPs. It is not rocket science and there are so many of these darn things out there, you can talk to someone in your own back yard to find out what these trade for. I personally feel like the investors on the long side have been "duped" by numerous misleading posts from investors who are long the stock and can't sell. And again!!!! DO YOUR OWN RESEARCH TO DETERMINE WHETHER OR NOT TO PURCHASE THESE STOCKS. MY GUESS IS THAT OUT OF ALL OF THE INVESTORS THAT BOUGHT LOAX- NONE OF THEM REALLY KICKED THE TIRES ON IT BEFORE PUTTING THEIR HARD EARNED $ BEHIND THIS MANAGEMENT TEAM AND CONCEPT. IF YOU TRULY BELIEVE THAT LOAX IS NOT JUST ANOTHER ISP, THEN POST YOUR ANSWER AND TELL US WHY LOAX SHOULD TRADE FOR SUCH A HIGH VALUATION!!!!!!!! MY PREDICTION ON LOAX STILL REMAINS THE SAME- THE STOCK WILL CONTINUE TO SLOWLY TREND TOWARDS ITS REAL VALUE AND HASN'T SHOWN ANY SIGN THAT IT WON'T GO TO $5 PER SHARE OR UNDER. IF MINDSPRING ACQUIRED LOAX, THEY WOULD DO SO AT 2-5x LTM RECURRING REVENUE WHICH IMPLIES A VALUATION OF 2.1M -3.5M + CASH WHICH COMES OUT TO LESS THAN 30M IMPLYING A DROP OF AN ADDITIONAL 70% FROM CURRENT PRICES. IF YOU DO BELIEVE ME BUT WANT TO SEE IF THE STOCK MAKES A RUN ON THE HIGH SIDE- PUT IN A SELL STOP AT $10 PER SHARE (or whatever you think the stock will never go below) TO PROTECT YOURSELF. YOU EARNED THE MONEY AND YOU SHOULDN'T GIVE IT AWAY!!!!!!!!!!!! THE CEO OF THIS COMPANY IS WORTH OVER $20M!!!! AND HE RUNS A COMPANY THAT DID LESS THAN 1M IN SALES LAST YEAR AFTER OVER 5 YEARS IN THE BUSINESS AND THEY DID LESS THAN 500k IN SALES THIS YEAR!!!! DO YOUR HOMEWORK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!