Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : PNEC (Old PLNE) -- Ignore unavailable to you. Want to Upgrade?

To: Ga Bard who wrote (22)	12/12/1999 12:17:00 PM
From: Jim Bishop	Read Replies (2) \| Respond to of 101

PNEC profile out on email: From: DenizkurtE@aol.com Sat, 11 Dec 1999 16:42:29 EST Subject: Newsletter from Erol Denizkurt Dear Investors: 12/10/99 A couple of quick things before I get to the profile of what I think is a very undervalued company. I apologize to those that received multiple copies of the last newsletter, there was a problem with my mail. I have been asked how often the newsletter goes out. The answer is whenever I find something that I think is worth looking at. That means you might get two or three newsletters in a week or maybe just one in two weeks, it just depends on what I find out there. There have been many stocks suggested by the readers, some of which I was working on but have since gone on a run, we can't get them all. Here are some that people suggested that have already appreciated ACCR, LGOV, LOCH and TVCP. I don't chase stocks so for now we will move on. My goal is to obviously have my readers in position before a stock like these moves up so that we are all in a profit position. Congratulations to those that suggested these stocks. Below is my profile with CEO John Arnone of PNEC Profile Ticker: PNEC Name: Planet Entertainment 222 Highway 35, P. O. Box 4085 Middletown, NJ 07748 Phone: (732) 530-8819 Employees: 130, Wallace M. Giakas, Chmn./Secy. John S. Arnone, Pres./CEO Joseph Venneri, Exec. VP Richard Bluestine, Exec. VP/CFO. Contact: Ivy Ball Planet Entertainment Corp.732-530-8819 www.pnec@aol.com Bid: $1.46 Ask: $1.53 Outstanding: 12 Million Float: 3 Million Avg. Vol. (3 mos.): 31,100K High: $ 7.31 Low: $.81 Profile: Planet Entertainment is a diversified entertainment company specializing in music production, wholesale distribution and marketing of front line music, video and DVD titles as well as its proprietary CD compilation albums. Planet Entertainment Corporation is involved in the wholesale distribution of pre-recorded music in the form of compact diskettes, cassette tapes, digital video diskettes, videotapes, and related apparel. The Company also acquires, licenses, produces, markets, and distributes recorded music. Planet markets its products to record stores, college bookstores, and mass merchants. Fundamentals: Please read the excerpt from this recent PR very carefully. Also follow the links to the companies they are doing business with. For example the company designing the NEOS B2B website when you follow the link also designed 3COM's site (follow the link and look at the client list). PNEC means business with this new B2B site. "MIDDLETOWN, N.J.--(BUSINESS WIRE)--Oct. 13, 1999--Planet Entertainment Corp. (OTCBB: PNEC - news) announced today that its wholly owned subsidiary Northeast One Stop (NEOS) will open its business to business website by year end at www.neoneb2b.com. The site will offer customers of NEOS over 250,000 entertainment titles of pre-recorded music on CD or cassette, as well as a full line of video and DVD titles. Customers of Northeast One Stop will need an account number to log on for access to the database. The website is being completed by the Boston based firm IGI (www.igic.com), who have created Internet solutions for Fidelity Investments, 3Com (NASDAQ:COMS - news) and Muzicdepot.com, among others. " Also from the PR "NEOS for the Fiscal Year ended August 31, 1998 produced revenues of approximately $34 million an increase of approximately 48% from the previous fiscal year ended Aug. 31, 1997 when the Company recorded revenues of approximately $23 million. The company reported that its revenues for it's first three quarters of Fiscal Year 1999 was $33.8 million with 4th quarter ending August 31, 1999 soon to be reported." Discussion: Ok so what does this all mean? This means that PNEC is going to have a business to business (B2B) wholly owned subsidiary (NEOS) with a website for its customers (not the general public) that will allow them to do business better, more efficiently and from what I can see grow the company even more in the years to follow. Just look at the numbers in the paragraph above $23 Million in revenue in 1997, $34 Million in 1998, and $33.8 Million for the first three-quarters with one quarter still left! Yikes, they already matched the previous year's numbers and they have one quarter left to go and the B2B website isn't up yet! That to me sounds pretty impressive going forward. Ok so why did the stock price slide from the $5 to $7 range you ask and come down to $1? Good question. Here is what my interview on Friday, December 10th with CEO John Arnone uncovered and confirmed. I had sent him an email on Thursday and he called me Friday morning around 10AM. John said the company has been in business for 16 years, they are solid and for real. They have a market cap of 27 Million in assets, 11 Million net assets, the outstanding number of shares is12 Million and the float is 3 Million. The company had applied for a NASDAQ listing and did not have one of the forms filed. That form is coming out next week! The shorters got a hold of the info last summer and posted negative messages on the boards driving the stock down under $1. The company recently informed the bashers that they would prosecute and the bashing on the boards stopped. Now the shorters need to cover and you will see that the volume has been increasing recently. Mr. Arnone (who was an investment banker on Wall St.) also said that he intends for this company to be listed on the NASDAQ. They have the market cap and he said with a price of $4 a share for over 30 days they should qualify (remember this stock spent a long time at prices higher than that just check the charts) before the bashers came out. The SEC filing comes out next week which was done by the new higher profile New York CPA firm of (and here is where I can't read my notes) Laazar, Lerner, and Phoenix. The new B2B website comes out next week and it is my opinion that these low prices will be over. If the new SEC filing looks as positive as I think it will this stock should appreciate in the coming months. Charts: <A HREF="http://www.bigcharts.com/intchart/frames/frames.asp?symb=pnec">http://ww w.bigcharts.com/intchart/frames/frames.asp?symb=pnec</A> The stock recently closed above its 13 day EMA. This stock is getting close to breaking its 50-day SMA. The MACD lines are starting to snake near the 0 line. As more volume comes into this stock (which has already started) we shall see the stock start to rise and eventually close above the 50-day SMA. This will be a key signal for investors and with the SEC filing coming out with what appear to be positive results this stock will want to head back to higher levels. News: <A HREF="http://biz.yahoo.com/bw/991014/nj_planet__1.html">http://biz.ya hoo.com/bw/991014/nj_planet__1.html</A> This press release is important. Please read it carefully and follow the links. Thanks again everyone and I have one interview lined up for next week already. Erol Denizkurt PO Box 215 E. Taunton, MA 02718 508-823-7331 phone 240-331-5618 fax Disclaimer: I am not paid by anyone. I am not a licensed professional. I may have a position in any stock that I mention or I may not. I don't hype or bash. I just give my personal opinion. Please verify all DD and information I present to you. I try to remain objective at all times. I will try and use this newsletter to help those on the list get answers to questions that you may have. If you are on my list and want to unsubscribe just send an email to me and I will remove you with an apology. Please do not ask me if you should buy or sell a stock only you can make that decision.