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Microcap & Penny Stocks : MEGACHAIN.COM LTD (OTC-BB: MGCN) -- Ignore unavailable to you. Want to Upgrade?


To: Gary Lutz who wrote (157)8/10/1999 5:31:00 PM
From: Blue Voodoo  Respond to of 191
 
I spoke to the CEO of MGCN, Tom Lavin today. Here's the scoops.

The biggest news:
The target date for a news release listing MegaChain's initial set of vendors and ISP's is on or before the middle of September. That is the news that will start really turning heads.

Other info:
Thomas Johnson, the new marketing guy, was hired to help line up vendors and ISP's in the US.

Residual bugs in the beta release version of the firm's software are being cleaned up. The final, "ready for prime time" version of the software will be up and running before the end of August. That's when Megachain can start seriously advertising for agents and vendors (although they already have about 1000 agents signed up, and more than 100 potential vendors have expressed interest in the MegaChain program).

I also spoke with Bruce Harvey of investor relations at MGCN. Interestingly, he bought his stock in MGCN at $1.50 per share.



To: Gary Lutz who wrote (157)8/23/1999 5:36:00 PM
From: Blue Voodoo  Read Replies (1) | Respond to of 191
 
More DD on MGCN, including deals with Sympatico ISP and with Southwest Airlines.

For the basic reasons to own megachain, check out Message 10246459

The following news will be included in MegaChain news releases in the next few weeks:

MGCN's marketing campaign for members will be starting around September first. This campaign will operate primarily through "superagents." MegaChain is signing up ISP's (and other organizations that maintain large email lists of clients) to act as corporate agents, or "superagents." These superagents will send out promotional material to all of their subscribers, inviting them to sign onto the megachain program.

Within the next few weeks, MGCN will issue a boffo news release listing the first set of superagents.

One example of a large ISP that is signing up as a superagent is Sympatico (http://www.sympatico.ca/), a Canadian ISP that has a client base of over a 1/2 million subscribers. The plan is for them to begin marketing the MegaChain program in Alberta and British Columbia, then expand to their entire subscriber base.

MegaChain is also lining up some major companies as venders. One vender that is very close to inking a deal is Southwest Airlines (LUV)(http://www.southwest.com/). They would use Mega's email program to offer discounts on airline flights.

MegaChain is also lining up a second round of financing, to cover the costs of rapid expansion. At their current burn rate, without any revenues, cash on hand would last about 8 more months. MegaChain will start generating revenues in October, so the second round of financing will be short term money, to cover the 3 to 6 months needed to ramp up to the point that revenues exceed costs.

Within a year, expect MegaChain's earnings per share to be more than its current price per share. People inside the company are talking about a tenfold increase in share price within twelve months.



To: Gary Lutz who wrote (157)9/28/1999 5:10:00 PM
From: Blue Voodoo  Read Replies (1) | Respond to of 191
 
MGCN - Analysis of today's news and price movements.

biz.yahoo.com

Today Megachain released news on the deal they signed with Greenchip
investments PLC. As I reported on this thread two weeks ago, this is
the English company looking to buy the European franchise of Megachain.

MegaChain has sold Greenchip the option of 'first dibs' on the Euro
franchise. This deal is a winner for MegaChain, because:

1. The deal provides MGCN with a cash infusion, without the dilution
that secondary financing might have entailed.

2. The deal demonstrates international interest in the Megachain
program. Similar franchises can be sold around the world. In
particular, Greenchip investments PLC is a subsidiary of the Australian
venture capital group Greenchip Funds Management Pty Ltd, (see
greenchip.com.au for more info about Greenchip). Megachain
can easily negotiate a similar deal with the parent Greenchip company
for the Australian franchise.

3. The deal does not limit the price that Megachain may charge for this
franchise. The deal also does not prevent MGCN from directly signing up
European vendors, clients, ISP's, and agents. Megachain is free to
solicit higher bids for the franchise, or they are free to not sell the
Euro franchise at all if they want, and simply continue to seek out
European vendors and ISP's for themselves. All Greenchip has paid for
is the option to match any other offer for the franchise. The fact that
Greenchip was willing to pay for the option even under these harsh (for
Greenchip) limitations illustrates the enormous perceived value of
Megachain's product.

Regarding today's action in MGCN's stock price: Today's close of 1 1/32
is still an increase of 65% over last Friday's lowest ask price of 5/8,
and is only a 13% drop from yesterday's close. As is usual after a
fast, high volume runup, many day traders shorted the stock, and market
makers themselves were forced to sell short to keep up with the volume.
This then drove the price down as soon as the volume slowed.

The current price represents a tremendous buying opportunity for new
MGCN investors. Small additional price drops are possible, as the
remaining 'hot' money moves elsewhere and market makers attempt to walk
it down further so they can cheaply cover their short positions.

However, a huge amount of money is waiting to jump back into MGCN. At
the first hint of a bottom, or after more good news releases, the stock
should run up, never to return to these bargain prices again.

Even now, the vast majority of the good news about vendors, ISP's,
clients, etc., has still not been released. I've uncovered and reported
on this thread as much I can. Only a small part of what I've found and
reported here has been released as news so far, including today's
Greenchip news, and becoming a financially fully reporting company.

When the additional information I've reported here is released, we can
expect further sharp rises in price. In addition, there is clearly even
more activity than I know about. For example, the Proflowers.com deal
was a good news surprise for me.

Long term investors can ignore these gyrations. Buy anytime yesterday,
or today, or tomorrow. Within weeks or at most months, these nickel and
dime movements will be completely irrelevant. Think dollars.

The Megachain web page depicts a soaring rocket. That rocket is now on
the launch pad, and the countdown has already commenced. Climb aboard,
or get left behind.

signed,
Blue Voodoo



To: Gary Lutz who wrote (157)10/25/1999 9:30:00 PM
From: Blue Voodoo  Read Replies (1) | Respond to of 191
 
MGCN update 10/25/99

A new section for the Megachain webpage is now under construction. This section will provide lists and banners of ISP's, vendors, etc.,. The point of this section is to show prospective agents and vendors some of the firms that are enrolled in the Megachain program. In addition, this section allows MGCN to offer banner trades to vendors and ISP's, that is, part of the benefit of enrolling in the MGCN program for them is that they get free banner placement on MegaChain's web site and, in return, MGCN gets free placement on their website. The value to megachain of having MGCN's banner on vendor and ISP web sites is potentially quite large, and the cost to MGCN is zero. The technical time for adding this feature is minimal, but implementing this banner component also entails additional negotiations with every vendor, which takes time.

This illustrates what I like about MGCN - they are constantly adding ways to promote and improve their product and their marketing.

However, it is precisely this sort of attention to detail, to doing absolutely everything they can in terms of preparation to maximize the success of the program, that is delaying its launch. Given the choice between a quick start and a great launch, they are opting for great.

New initiatives like the EEC franchise, the banner trading component, along with the myriad details of the launch, are putting off the day we're waiting for. The Megachain principals feel that launching the product as perfectly as possible is far, far more important than any revenues that might be lost by not starting earlier. Their goal is not to squeak a little extra cash in before Christmas. It is to become a major force in the permission based email business for years to come.

When I previously said that the launch would probably happen within a week, it turned out that my source only knew that good news would be released, and had assumed that meant the launch. It turned out to be the Greenchip news, which was indeed good, but not the launch.

I have been unable to obtain any hard info regarding the date of the launch except the official party line, which has always been, "soon" and "sometime in the fourth quarter." It could be tomorrow. It could be next week. However, it would also not shock me if the launch doesn't happen until November. It would also not surprise me if the stock price continued to drift lower in the meantime, as impatient investors who can't be bothered to check out the facts assume the worst and sell. Megachain is well aware that the sooner the better, but they will not launch until everything is truly ready to go.

Most BB companies are scams or junk. If the time MGCN is taking has you worried, then please do your own research to verify that Megachain is for real. Call the company. read its Edgar filings. Research the track records of Tom Lavin and the other Megachain principals. Check out Greenchip and Telus.

If, as an investor, you are too lazy to check out the facts, or if you cannot wait the weeks, that it may take for MGCN to prove itself a winner, then I'd advise you to sell now. However, if you are willing to hold, or buy more, you will be richly rewarded.

signed,
blue voodoo