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To: RidgeRunner who wrote (35217)6/6/2000 3:04:00 PM
From: kaseyMIT  Read Replies (1) | Respond to of 40688
 
From Raging Bull yesterday: Glenn in chat room
Raging PNLK Links
By: MarketWiz
Reply To: 33127 by Quaker
Monday 5 Jun 2000 at 6:08 PM EDT
Post # of 33183

Yes, GZ was in the chatroom...

He said: Just wanted to stop by and say things are moving forward. I am working on closing
some of the finance deals so that we maintain the maximum amount of control over the
company and provide shareholders with the best investment. I am not saying that we will have
financing signed (I am not allowed to say that at this time). We are working on the deals as we
speak. We are speaking with a number of companies about the full amount of funding that we
need. I am pleased with the companies we are speaking with. We will announce as soon as
we have closed deals. We have not released to the general market the dollars. Personally I
would like to see over $30 million...first level. (Q. Is that enough to take us to the next level?)
Yes, depends on the burn rate but if we get the support from the firms we are meeting with
they will be with us for the long run. This is a very complicated deal with many levels of
participation with a number of firms." End of Quotes.



To: RidgeRunner who wrote (35217)6/6/2000 8:45:00 PM
From: Roy F. Baker  Read Replies (1) | Respond to of 40688
 
RR, You stated <<Ashamed to say that I've lost my perspective concerning PNLK's prospects. My position is based more on inertia than anything else.>>
I always new from your posts your feelings on PNLK. It is quite clear to me Glenn Zagoren has finally realized that by trying to make sure every investor was spoon fed and tucked in, that he was hurting PNLK's bottom line. He has decided to step back and reduce the amount of forward thinking information. Although some will become disenchanted, it is for the best overall.
Please understand financing is just another hurdle to get beyond. After that a 3 to 4 month period will be needed to implement the next faze. That will be followed by the initial branding and a slow growth/awareness period.
If you are holding waiting for instant gratification - Oh well! It may not happen. Don't forget Europe shuts down for the summer, China deals are no where near settled, Indonesia is still having major political problems, financing is not a sure thing and Riz is thinking of selling his 3 million or so shares.
If your in need of the money or want to test some other waters follow your heart. I hope you make all the right decisions. God knows I haven't!

Roy