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Microcap & Penny Stocks : PICK Communications Corp. Press release -- Ignore unavailable to you. Want to Upgrade?

To: heather who wrote (43)	5/4/1998 1:57:00 PM
From: Trooper	Respond to of 746

I have no opinion Heather. I can't explain it.

To: heather who wrote (43)	5/4/1998 2:33:00 PM
From: TWICK	Read Replies (1) \| Respond to of 746

I'm surprised that no one has discussed the Nov 1997 10-Q SEC Filings. Sales of long distance services declined by $1,370,993 (44%) compared with the comparable quarter in 1996. During the third quarter of 1996, the Company was utilizing AT&T for a majority of its international traffic based upon a belief that it was obtaining very favorable rates. These rates allowed the Company to attract significant volume, with August, 1996 being the highest volume month the Company has had. AT&T severed the relationship in late 1996. Consequently, during the comparable period in 1997, the Company has not had the benefit of such favorable rates. As a result, volume declined because the rates the Company has been able to offer its customers have not been as competitive. If this company wants to attract big business, they'll need a working relationship with an AT&T, WCOM, SPRINT. Does anyone know if PICK has been able to sign a long distance contract with a major carrier to secure favorable long distance rates since the AT&T billing problems ? Also from the same 10-Q report... The Company has signed a best efforts private placement agreement with Kaufman Bros., L.P. to raise $5 million in equity or debt. Can someone explain "best efforts private placement" ?