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


To: Malko who wrote (4015)5/14/1998 5:38:00 PM
From: george willse  Read Replies (3) | Respond to of 8242
 
ALL!!! -

Chatfield Dean & Co., Inc., is right on several items that investors should consider:

"Risk Rating: Extremely Speculative"

"Pro Net 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, and a net loss from August 1, 1997 to May 7, 1998 of approximately ($363,000)." (I have not verified this yet)

"...only $485,314 of cash on hand and a credit line of $500,000 as of May 11, 1998, according to their press release."

"liabilities of $399,291, the Company has shareholders' equity of only $86,023. The Company's balance sheet as of May 7,1998 shows cash of $335,314, liabilities of $399,292 and shareholders' equity of a negative ($20,055).

"The Company has no proprietary technology."

Based on a recent stock price of $8.00 and 37,849,500 shares outstanding (of which only 7,749,500 are free trading), the Company has a current market capitalization (value) of approximately $300 million.

If the Company's projections are right and they can get 40,000 subscribers in 12 months and 80,000 subscribers in 24 months, then the
Company may be worth a lot more in the future,

*** but to say it will be worth $300 million in the future is pure speculation..."

=============================================================

The last line above says it all. Some of were SPECULATING when the stock was at $0.625/share and some of us today at $7.00.

- We have not seen the initial product!
- We have not seen one $360.00/Year signed contract!!
- We have just seen the initial financials!!!
- And MOST important in the imminent future, we have yet to see the launch!!!!

If you are in PNLK, you are not in the stock for its value as of today. You are SPECULATING on what it will be tomorrow (in a literal sense). The bets have been laid on the table by some, others have taken their chips out of the game, and still others are watching with keen interest on the sidelines. Perhaps I was foolish raising my stake today, but if today's press release says anything about the things to come with PNLK, I believe I know who the winners are going to be when the dealing is done.

Anybody else gonna have a hard time sleeping tonight???

Cheers,

George



To: Malko who wrote (4015)5/15/1998 12:17:00 AM
From: Stormin Norman  Read Replies (2) | Respond to of 8242
 
This latest CD statement really pisses me off! Grossly unfair. Hey Chatfield Dean and especially Cheryl Bostater remember this, what goes around, comes around.

May the law of the harvest be on your head. You sow trash. You therefore will reap trash, you will reap trash later than you sow, you will reap more trash than you sow.

At this point, I am not irritated by a potential loss of money, profits etc. This is just plain unreasonable to issue 2 statements like this in 2 days. For me, it's kind of like pulling for the underdog now. I hope PNLK puts you folks under, rolls over your short @ss crap like a freight train and beats your unholy greedy fingers into bankruptcy. No, maybe the company isn't worth 15 or 20 tomorrow or Monday but I sure am dadgum hoping it gets there just to spite your unruly butts. I am now probably the proudest owner of stock in this company there is. I hope what you folks have done is akin to bombing Pearl Harbor and woken a sleeping giant.

Cheryl.............. good luck, one way or the other, you will need it.

P.S. How did such an ugly company and person end up in such a beautiful state. Coloradoans, kick the bums out!!

And OK OK OK for you who say they have a right. Well maybe they do and maybe they don't but sometimes, sometimes it is better not to do something even when you have the right to do it.



To: Malko who wrote (4015)5/15/1998 12:52:00 AM
From: FlatTaxMan  Read Replies (1) | Respond to of 8242
 
Since these guys are so sharp we should ALL CALL THEM and find out what they know! Maybe they could enlighted us poor souls from losing our hardearned dollars. They listed a toll number to call but I wonder if they might have an 800 number listed in the 800 number directory so it will be on their dime.



To: Malko who wrote (4015)5/15/1998 8:53:00 AM
From: R. Bond  Read Replies (1) | Respond to of 8242
 
Thanks for posting, Malko. ROFLMAO. Yes, I always seek out small firms who have been busted for operating illegally for cues on what to do with my money. Oh yes!!

Just finished wiping off the sweat that appeared on my monitor screen as I was reading the "Analyst Report". This could scare a few people, but the precedent set by YHOO, AOL, AMZN, et al., is ancient history now. I'm guessing that most who bought PNLK know that traditional 'value' criteria don't apply to getting into an Internet play at the bottom. Any such investor would have made the 'safe' play of buying the aforementioned stocks when they were well over $80 a share. Brilliant timing, eh!

Speculation? Clearly. Your buying into an idea. That's what all venture capitalists do. But they can have more info than we do.

Risk? NO doubt. Evidence: Exhibits 1 & 2 are the "Chatsworth" press releases. That kind of small-time sleaze is really on the bottom rung of this game. Unfortunately, we must take it into account.

Cheers,
Bond