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.

Gold/Mining/Energy : PRTI -- Ignore unavailable to you. Want to Upgrade?

To: Bread Upon The Water who wrote (419)	2/12/2000 2:23:00 PM
From: John Rowe	Respond to of 424

Kailash, Or anyone 'in the know', how did PRTI get into software in the first place? I had the bad luck of buying stock in a company called Hughes Resources, a raw materials play which had (supposedly) valuable timber, coal, gas and oil properties. After some sort of misfortune (the details escape me), they became Phoenix Resource Technologies, PRTI, had a reverse split and a spinoff of shares in another company, MVP holdings, which as far as I can tell are worthless. So, what it seemed I had was a holding company with no going business, spinoff shares in, I beleive, a bottled-water company, and no apparent value. The only reason I still own this company is because the shares are in an IRA, so I can't use a tax loss. Now we emerge yet again as a software company, maybe even a promising one. How? Maybe I will eventually see a few of my long lost dollars return? Interesting situation. Sorry for the long post, John R.

To: Bread Upon The Water who wrote (419)	2/12/2000 2:45:00 PM
From: Kailash	Respond to of 424

Bill - The test results suggest the software has strengths, even though they are very short on substantive detail. However, I'm skeptical to the idea that the developers let half of their company go for 2,5M before the tests, when the second half is being teasingly valued (two years from now) at 175M. Since PRTI hadn't purchased anything before the tests -- just signed an option to do so -- they appear not to have shouldered much risk. It remains unclear why they should earn any rewards. I wish you luck with this investment; PRTI has successfully negotiated a very significant hurdle. My impression that it is a scam, however, is unchanged; I would keep a close watch on what they do. Best wishes, Kailash