Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Kevin G. O'Neill who wrote (4339)	5/15/1998 1:57:00 PM
From: Turboe	Respond to of 8242

Well-- at least we have a base! Below is an article on PLNM-- which I bought today. But, my point is is that it is similiar to PNLK's idea. Just food for thought! Wednesday May 13, 10:00 am Eastern Time Company Press Release SOURCE: Plenum Communications, Inc. Lion Opens Loan Search Databases in 9 New Regions, Exceeds 400,000 Hits Per Month MERCER ISLAND, Wash., May 13 /PRNewswire/ -- Plenum's wholly owned subsidiary, d/b/a Lenders Interactive Online Network (LION) announced that it has opened its Internet accessible Loan Search database for Conforming, Jumbo and Government wholesale lender programs and the LION Loan-Link service for Sub Prime programs in nine new SMSA'a. The new regions are: GA-Atlanta (serving GA, NC, SC) MA-Boston (serving MA, CT, VT, NH , ME) MI-Detroit/Ann Arbor/Flint (serving MI) MN-Minneapolis/St. Paul (serving MN, ND, SD, IA) MO-St Louis (serving MO, AR, OK, KS) NM-Albuquerque (serving NM) OH-Cleveland/Akron (serving OH, KY, WV) PA-Philadelphia/Wilmington (serving PA, NJ, DE) TN-Nashville (serving TN) Joe Ringer, EVP, noted that ''With these program and rate databases added to the previous databases in WA, OR, CA, IL, TX, NY, UT, NV, CO, AZ and MD, LION is now available in its full form to the vast majority of mortgage brokers in the nation. While we will continue to expand into other active broker markets, most brokers in those markets will find they can use one of the current databases effectively. Hence, LION has achieved its goal of being a fully national service and has done so a full eight months ahead of the original schedule.'' LION now has over 2800 broker members and approximately 300 new brokers are joining each month. Currently the service is receiving over 400,000 page hits per month, more than four times the activity reported as recently as last July. LION's Loan Search enables brokers to enter parameters of a conforming credit loan and immediately see a list of programs that fit with today's interest rate information, instead of inefficiently wading through faxed ratesheets. For Sub Prime loans, LION's Loan-Link system allows brokers to transmit details of the transaction to lenders for an indication of interest. Brokers consistently report that LION enables them to close more loans. SOURCE: Plenum Communications, Inc.

To: Kevin G. O'Neill who wrote (4339)	5/15/1998 2:01:00 PM
From: J.M. Grindle	Read Replies (3) \| Respond to of 8242

I agree. I think we will see some additional small investors afraid to hold until Monday. Exactly why I have a buy order in at 4 7/8. I have seen this happen too often not to be willing to take advantage of panic selling situations. This has great long term potential. If people don't have the stomach for it they shouldn't be buying into the OTC BB market. Go to Mutual Funds....