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.

Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: SSP who wrote (69375)	11/2/2000 11:38:58 AM
From: Joe Copia	Read Replies (2) \| Respond to of 150070

Would like to nominate SYTE - Sitestar for the list Forward event: Is an announcement of an acquisition (see below) Impact date: ~ 11/21/00 Reliable source: Replies from the CEO to emails sent to him. Questions will be in italics. Please note the bold Message 14666092 1) How many total shares 27M 2) shares in the float...... 2.2M, the majority of which is in friendly hands. 3) any earnings? Yes, we are cash flow positive. Our ISP division should generate approx. $200K EBITDA on sales of approx. $2M this year, excluding any acquisitions by year end. We have one significant acquisition in the pipeline. We are cash flow positive at the corporate level as well, thanks to our investment activities and extremely low overhead. > 4) any long-term debt Our ISP division has some nominal debt which was absorbed in the transaction. > 5) cash on hand $750K, plus $9M in committed capital we can draw on if needed. > 6) burn-rate - we are cash flow positive. 7) what happens if (what I assume is a shell), can not acquire any income producing properties??? > We are not a shell. We are a profitable, fully reporting, holding company with multiple operating business. There is no question as to our ability to acquire future companies. I hope you find these answers helpful. Feel free to contact me directly with any future questions. Regards, Clinton J. Sallee President/CEO Sitestar Corporation From another email: Question posed to SYTE CEO: When could we expect SYTE to acknowledge the FASH's CEO statement: ""Our sharevalue is $4.87 and they did not even address the preferred stock?"" reply: In a message dated 10/26/00 1:16:13 PM Eastern Daylight Time, csallee@sitestar.com writes: << The deal is still in play and our offer stands as written. Beyond that, we have no comment. Mr. Narasin's public remarks were purely for the public's benefit. FYI, the preferred is underwater and can't convert at these levels. The only reason he is upset about that, is because he holds the majority of the preferred and made a poor investment decision. Regardless, SYTE's future does not rest on the acq of FASH or any other fallen dot com company. We are fundamentally solid, cash flow positive and growing both internally and by acq. Management is long and hasn't sold a single share since Day 1. I am not aware of another OTC BB company with these fundamentals. CJS