To: jjs_ynot who wrote (8 ) 5/13/1998 6:54:00 PM From: cm Read Replies (1) | Respond to of 312
Not Posted Here Yet: C & D (Whoever They Are) Slam PNLK... Dave, there are probably a million brokerage houses that I've never heard of, and here is one: Chatfield & Dean, initiating coverage of PNLK with a pretty nasty SELL. (Sorry, but the name Chatfield & Dean sounds like it was made up by somebody who wanted prestige.) Here's the article... Company Press Release Chatfield Dean & Co. initiates coverage on Pro Net Link Corp. GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--May 13, 1998-- Chatfield Dean & Co., Inc. today initiated coverage on Pro Net Link Corp. (OTC BB:PNLK - news; OTC.BB: PNLK.BB/(PNLK.OB)), with a SELL recommendation in a two page research report entitled ''Fundamentals do not support current valuation: buyer beware.'' Please add our analyst coverage to your database. ProNet Link is grossly overvalued with a current market capitalization of approximately $300 million, based on a recent stock price of $8.00 with 37,849,500 shares outstanding. Pro Net Link is a start-up company with no historical revenues to date, a net loss from August 1, 1997 through April 30, 1998 of approximately ($350,000), Cash of only $300,000 and equity of ($20,000). The Company currently has not completed its web site, and there is no assurance as to when it will be fully functional. As with any start-up company, projections are typically rarely obtained; therefore we believe the Company is grossly overvalued based on our projected market valuation. In addition, Pro Net Link is not currently a full reporting company as to its financial condition. Research report to follow. + Rating: SELL Contact: Chatfield Dean & Co., Inc., Greenwood Village Analyst: Cheryl J. Bostater, 303/740-0006