To: Gary Lutz who wrote (151 ) 6/23/1999 6:30:00 PM From: Blue Voodoo Read Replies (1) | Respond to of 191
15 reasons to buy MGCN (Megachain.com): (this is a newly revised and expanded version of a previous post) 1. Read the pitch for yourself: Go to megachain.com note: this page will be greatly revised in the near future - some features, e.g., some email addresses, are not fully functional yet. 2. Read press releases biz.yahoo.com 3. Call or email MGCN investor relations: Bruce Harvey at 604-873-3388, bruceharvey@sprint.ca 4. MGCN has approx one million dollars in working capital (mostly cash) and no debt. The overhead is low, with main expenses being for software development and marketing. 5. Look at how successful 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 had 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. That's megachain. Basically, you sign up as an Megachain agent, and send occasional email promotions to your friends. Everyone reads emails from their friends, so unlike anonymous spam, the advertisers know their promos will be read, and will only be directed to people who are interested in receiving it. 6. Megachain knows how close getting offers by email is to spam, and are going to extraordinary lengths to ensure that their product is not abused by spammers. This includes the following: a. Part of Megachain's proprietary software moniters the volume and destination of the promotional emails their agents send to catch potential spammers. b. If anyone complains about an email received, the agent who sent it receives a warning. If more than one complaint is received, the agent who sent the unwelcome emails gets dropped from the program. c. MegaChain is actually getting sponsorships from Internet Service Providers (ISP's). ISP's are the first to recieve complaints about spammers, and have it in their interest, in terms of keeping customers, to eliminate spam. The fact that ISP's are signing on to the program is further evidence that Megachain is dedicated to providing a real, spam-free product. 7. The CEO, Tom Lavin, is a proven company builder. He founded the Blue Wave recording studio, which still operates in Vancouver (in fact, MGCN is currently operating out of Blue Wave's offices while its own quarters are under construction). Tom 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. 8. The float is approx 3 1/2 million shares. At today's stock price the entire float is therefore valued at under $5 million. 9. Approximately 80% of MGCN shares do not now trade, and will only be released slowly over many years. 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. This means that the owners need to make the firm profitable for the long term. The semi-mythical 'secret canadian insider selling' that shorts have claimed on other stocks can't happen profitably here. The owners cannot pump and dump - they are in this for the long haul, and can only make money by getting the stock price to go up and stay up. 10. 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 when these partnerships are announced. 11. MGCN will roll out with a very big splash. MegaChain does not plan to dribble out news on partners, ISPs etc.,. They will instead wait until they have a number of big firms lined up, then announce them in big bang to maximize the impact and visibility (and hence revenues) of the firm when the product is ready to go. They are currently negotiating with at least one big New York IR/marketing firm to handle promotion. 12. MGCN was the swifttrader pick of the week: swifttrader.com Some well known SI investors have bought MGCN. 13. FORTHCOMING NEWS: Future news announcements will include: * The release of the company's proprietary marketing, monitoring, and commision structure software. * Announcements of strategic partner alliances. * Beginning of membership signups. 14. Big revenue numbers will pour in as soon as the product is operational. When multilevel marketing firms take off, they take off fast. 15. Once Megachain's software, marketing, and partnerships are in place, the incremental costs required to generate each dollar of sales is close to zero, so big revenues will immediately translate into big profits. 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 over fifty thousand dollars worth of their stock so far, and plan to make a ton of money selling it at some point in the future.