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.

Strategies & Market Trends : BFT: Will the tulip craze ever break down? -- Ignore unavailable to you. Want to Upgrade?

To: dealmakr who wrote (227)	4/1/1998 11:33:00 AM
From: put2rich	Respond to of 650

Well w/ the continued rise in stock price early this morning your article heading almost gave me a heart attack. Today another tulip "prst" is mortally wounded. I could have shorted prst first then this one at 30+ level! (In that case I sleep well)

To: dealmakr who wrote (227)	4/1/1998 4:10:00 PM
From: Pancho Villa	Read Replies (3) \| Respond to of 650

David liked your post! BFIT 4 million [life-time] members*strong! I wonder why they do not say whether these are all active members? A question to the company: Is the 4 million number the total number of people who have ever signed with BFIT? Including: 1. The members who felt they were taken for a ride and stopped paying/never made a payment, 18 year old kids, the future of Amerika starting out in life with a blemished credit record! 2. The ones that did pay in order to get the credit agencies out of their back but would welcome the chance of participating in a class action lawsuit and will never step into a Bally's again. Can you provide a head count for active members?: those with at least one visit during, let's say, the last 60 days to be generous. Can you provide a head count for inactive members still paying? Can you provide a head count for members that have skipped three or more payments and you still optimistically expect to collect revenues? Using a very conservative average monthly payment of $15/month-member monthly payments dues (once the initial membership fee is paid off fees are in this price range), or $180/month, 4 million members should yield about $720 million in revenues/year! It would also be interesting to know how much cash from members is actually collected every year. Revenue recognized/reported appears to be way out of line with what is rung in the register. Given the little revenue growth seen in the past, you should have reached "a steady state situation" in which revenues are close to collections. pancho