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Microcap & Penny Stocks : ProNetLink..(PNLK) -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (1278)	4/30/1998 1:15:00 AM
From: carolm	Respond to of 8242

I also spoke with the company about their plans for becoming listed on Nasdaq. She said that that was why they hired the CPA firm. They were working on the audit and paperwork to submit to to SEC within 30 days. I think all they need is a share price over $4 for 30 days, and the other requirements to be met. Over 400 share holders, minimum capitalization, any others?

To: Tim Luke who wrote (1278)	4/30/1998 1:35:00 AM
From: carolm	Respond to of 8242

EARNINGS PROJECTIONS: To: Chetan Patel (18 ) From: BILL DUMMER Wednesday, Apr 22 1998 9:50AM ET Reply # of 1280 Chetan, the company has projected 40,000 subscribers at $360 per pop, resulting in sales of $14,400,000 + other revenues from advertising banners etc. in the $21 million area: PNLK (Pro Net Link) $0.94 Pro Net Link (OTC-BB PNLK) 666 Fifth Avenue, Ste 338 New York, NY 10103 Closing Price (4/21/98) $ .94 Approximate Float 7,749,500 Market Capitalization: $35.578 million Shares Outstanding: 37,849,500 shares 52 Week Price Range: $.62 - $5.12 PNLK has projected revenues of $35 million for their first year, with after tax earnings of $8.7 million. This translates to EPS of $.23. Second year earnings are projected at $17 million, yielding EPS of $.44. In the past 6 months PNLK traded as high as $5+ and fell to $1 on low volume through January. In March it was profiled by an independent advisor at $2.25 and has fallen to current levels. On Tuesday, April 21st, volume exploded to 815,000 shares, mostly in the last hour of trading. The computer services industry is red hot (Yahoo, Infoseek, Excite, etc.), and this is a unique entry level in that industry with a twist. PE's are off the charts for this industry. allstocks.com

To: Tim Luke who wrote (1278)	4/30/1998 1:59:00 AM
From: Sowbug	Read Replies (1) \| Respond to of 8242

I have no position in PNLK but am considering one, depending on tomorrow's action. The board doesn't have a consensus whether this stock can be or has been shorted. It seems there are three possibilities: yes, no, and not by retail investors but by someone else. I'm wondering whether anything like the recent KTEL short squeeze is possible in the near future. Assuming that (1) the T+3 rule applies, (2) short interest grew significantly Tuesday and today, and (3) PNLK's float is similar to KTEL's (i.e., small), then we should start seeing forced short covering Friday and Monday. But if shorting's not possible, all bets are off on the squeeze.