To: Terry T. who wrote (7062 ) 5/15/1998 10:22:00 AM From: PartyTime Read Replies (3) | Respond to of 18444
It's with a measure of sadness I announce my next action: A visit to my local Schwab office in order to deal with the margin call I just got (ouch!). No fun! I was hoping my NETZ shares would have performed better and that this margin call wouldn't be necessary. But my recent NETZ purchases have performed sluggishly at best. I was so optimistic a couple of weeks ago. It was then anticipated that positive company developments and announcements would have pushed the stock up a bit. It didn't. Therefore, I'm in the hole again. Am I frustrated? You bet! Am I still hopeful? Absolutely! I suspect the news I've patiently been waiting for--a) audit information; b) substantive corporate structure announcements; c) the private placement; and d) merger--will follow. It's just sad that this will happen only after I've been forced to deplete my holdings. This company should fast begin to realize that there is a parallel need as to what is going on. Any fair-minded shareholder should at least expect clarity as to what is happening within the company. Much to my chagrin, this hasn't happened yet. The fact that confusion continues to reign indeed has hurt my own personal investment strategy. A statement as to the status of any of the four points above would have been helpful. The corporate appointments that were announced were good; however, they were in concert with Lair's departure, which was not perceived as good. For this information to exist alone, without a clarification or an update of the overall business plan, was most insufficient. And thus, shareholder faith has been weakened. Although what happened--or what has not happened--has been bad for me, it'll end up being good for you. Because the time for waiting for some, or all, of the aforementioned information has gone on for too long. Therefore, it's immenent that something's gonna happen relatively soon. But, unfortunately, it'll be too late for me receive the benefit I sought. I'm still in and I remain long on NETZ. It's just that, in a couple of hours, I won't have as much of it as I had before. In closing, I hope others have better luck than I. Moreover, I hope that this announcement of my own personal predictament will spur the company into an expeditious release of the necessary information that we investors have so long been wanting. If I don't quickly respond to your responses to this, it's because I'm off to the margin call. I'd rather be dancing!