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Microcap & Penny Stocks : PNEC - Planet entertainment ready to spin gold -- Ignore unavailable to you. Want to Upgrade?

To: Ann Rand who wrote (108)	5/6/1998 10:56:00 PM
From: rharris	Read Replies (1) \| Respond to of 221

I personally think that PNEC could go as high or beyond KTEL also. What makes me say this? I personally met with the CEO - Wally Giakas - Monday (unfortunately was not able to get to the studios in NJ, maybe next trip to the big apple) and was extremely impressed with his experience, business acumen, and vision for PNEC. I won't reiterate all the corporate info that has been contained in the posts here on this thread but read this excerpt from this news announcement again: Planet Entertainment Corp. (OTC BB:PNEC - news) has announced today that it has signed an agreement with Atlantic Coast Digital Concepts to expand its web site in order to aggressively market its proprietary music catalog of over 15,000 titles, as well as an additional 100,000 commercially available titles. The company plans to aggressively market over the Internet and make its catalog available for consumer downloading on home PCs while continuing to seek additional traditional distribution partners throughout the world. Remember Japan? I get the feeling that's just the beginning.... The internet distribution will be great in and of itself but they are not stopping there, they are seeking "additional traditional distribution partners throughout the world". Not only domestic but international distribution of famous, house-hold name recording artists known throughout the world. The depth and diversity of their titles show that they are serious about being a dominant force in the music distribution world. Evidently, so do many other people (evidenced by the increased interest, volume and retail MM's (a good sign) joining the market for PNEC.) In questioning myself about when I would sell, I remind myself that there is a remarkably small float that has not increased (to my knowledge) and this stock is being held by MAJOR block holders of stock that are not interested in a double or a triple. I think with Wally at the helm there is is a very real possibility of PNEC going real far. How far? I'm personally am willing to be patient and find out.... By the way, I'm surprised that there is so little discussion here, especially with the strong upward movements lately. I guess people are showing their support by buying (this stock doesn't need to be hyped).... Richard