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Microcap & Penny Stocks : Telscape (TSCP) & PointeCom (previously C-Com) -- Ignore unavailable to you. Want to Upgrade?


To: kikited who wrote (133)9/14/1999 8:28:00 PM
From: Jimi Plym  Respond to of 152
 
Pointe Communications Receives $21 Million Investment to Accelerate Buildout Of Hispanic Competitive Local Exchange Carrier Networks; - Lead Investor TSG Capital Brings Extensive Hispanic Market And Communications Experience -

ATLANTA, Sept. 14 /PRNewswire/ -- Pointe Communications Corporation (OTC Bulletin Board: PCOM - news), (PCOM(TM)), (www.pointecom.net) Chairman and CEO Stephen E. Raville today announced a $21 million second private placement funding through the sale of Convertible Preferred Stock. TSG Capital Fund III, L.P., led the investment, contributing $20 million. Opportunity Capital Partners contributed $1 million. Raville stated that proceeds from the issuance will be used to accelerate the expansion of the Company's Hispanic competitive local exchange carrier (''CLEC'') networks, retire debt and for general corporate purposes.

biz.yahoo.com



To: kikited who wrote (133)9/14/1999 8:42:00 PM
From: Jimi Plym  Read Replies (1) | Respond to of 152
 
From talk on other discussion boards, the Pensat deal is another good step. I assume the latest covertible financing will lead to more share dilution?



To: kikited who wrote (133)9/22/1999 8:25:00 PM
From: Jimi Plym  Read Replies (1) | Respond to of 152
 
kikited,

I found this over on the Yahoo GBLX board (edited non-PCOM stuff) -

gman - GBLX, PCOM, etc.
by: robshelb (53/M/Denver, Colorado) 16503 of 17241

. . . As for Pointe Communications (stock symbol PCOM), yes, I continue to be extremely bullish. I continue to add even further to my holdings there, due to the recent Pensat merger, the new institutional investors, the acquisition of a California CLEC, the build-outs to Miami and Los Angeles along with their other expansions into Central and South America (and even, indirectly via Pensat into southern Europe). And now, with Bloomberg naming Pointe Communications as one of its Top 100 Tech Stocks . . . I'll stick with my earlier prediction that Pointe Communications will be a $6 stock (maybe even higher) by sometime next Spring.

I'm in at 1 5/8, you're in at around 2. The differences between our entry points will prove increasingly insignificant as we pass 4, then 5, then 6. Don't worry about your investment here. I will be _extremely_ surprised if, in the long run, PCOM lets either of us down. Everything's going too well, and per their Game Plan, for me to be even the slightest bit nervous about this. Their management continues to do everything right. . .