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


To: TokyoMex who wrote (5161)5/19/1998 3:22:00 PM
From: Frederick Langford  Respond to of 8242
 
TMex, You have said you piece. You opinion is known. Is anymore trashing necessary?
Fred



To: TokyoMex who wrote (5161)5/19/1998 3:24:00 PM
From: ztect  Read Replies (1) | Respond to of 8242
 
To: Kevin G. O'Neill (58 )
From: ztect
Saturday, May 16 1998 11:59PM ET
Reply # of 66

Copy of Letter to "Stock Detective"....ztect(spelling not checked)...

Dear Sirs:

Hitherto, I have valued your service. I have gone so far as to recommend others view
your site. In the past, I have found your insights into issues regarding companies like
BAAT to be very useful. In particular, you noted how BAAT had made claims it
couldn't
substantiate, and offered products it couldn't deliver and didn't even have applications
for
patents.

However, I feel you have been a bit premature and irresponsible regarding your current
assessment of ProNetLink. You reach conclusions prior to the site being launched.
AND
YES, THE SITE WAS LAUNCHED. A few hours late...but successfully.

You also made many conclusions based on the comments of a firm, Chatfield & Dean
that has a very dubious history. See these comments below:

"1994 Chatfield and Dean involved in SEC disciplinary precedent involving stock price
manipulation"

"1996 Chatfield and Dean again clipped by the SEC this time for operating w/o
sufficient
revenue"

"1997 Chatfield and Dean broker nicked for insider trading Chatfield & Dean"

"Chatfield Dean & Co. (Greenwood Village, Colorado) and Scott Carothers
(Registered
Principal, Greenwood Village, Colorado) submitted a Letter of Acceptance, Waiver
and
Consent pursuant to which they were fined $25,000, jointly and severally. Carothers
was
suspended from association with any NASD member as a financial and operations
principal for 10 business days and required to requalify by exam as a financial and
operations principal. Without admitting or denying the allegations, the respondents
consented to the described sanctions and to the entry of findings that the firm, acting
through Carothers, conducted a securities business while failing to maintain its minimum
required net capital."

You have also failed do you your research on why the company is unique and not just
duplicating services provided by the other companies you noted on your web page.

ProNetLink, does duplicate ALL these services and then goes steps beyond. First it
provides ALL the services in one location at a modest fee. Second, PNLK isn't just a
search engine, or reference site, ProNetLink provides all the support required to enact
and
complete transactions including banking.

Now regarding your particular comment about the company's size and start up capital. I
strongly suggest you are trying to apply antiquated models of business to "brain power"
industries. Let me refer you back to a recent article in the NY Times Sunday Magazine
of
about two months ago. This article noted how today's new software companies working
in
"incubators" with daring entrepeneurs have started HUGE companies with brain cells
and
other people's money (i.e. Venture Capital).

The only thing that is unusual about PNLK's path is that it didn't go the route of the
traditional IPO. By not going this route, the company opened the door to a lot of small
investors like myself, who otherwise would have never been provided the opportunity to
invest in such a idea. And yes we all realize, we are investing in a idea....that's what
every
company starts as (e.g. microsoft, apple, amazon, et cetera).

The power and strength of PNLK's idea you have failed to realize. You have also failed
to mention in your critiqued, the caliber of the other companies sharing ProNetLink's
vision including Proxicom, D&B, Zagoran, et cetera. These are not fly by night
companies. These are companies with reputations to maintain. You fail to realize the
legal
ramifications of falsely claiming association with these companies...if this is indeed what
ProNetLink has done.

Your cursory analysis, and reliance upon dubious sources, undermines the worthwhile
efforts you have tried to implement with your web page. However, again I reiterate that
you have acted and reported in an irresponsible fashion. Were you somehow remiss,
that
Glenn Zagoran didn't have time to talk to you on the day of the launch? Maybe he was
busy? Were you pissed becaused you didn't get invited to the party?

Sorry, since your actions were so irresponsible, your motivations have to be called into
question...and your company has to be considered complicit in any further actions taken
against Chatfield & Dean, unless you immediately post a retraction and apology or, at
least post, my reply as a counter point to your point of view.

Besides any potential ramifications against your company, you have done yourself a
disservice by rushing to press a story that severely undermines the efforts your company
tries to obtain.

Sincerely,

ztect

cc enforcement@sec.gov



To: TokyoMex who wrote (5161)5/19/1998 5:21:00 PM
From: Buckeye  Read Replies (2) | Respond to of 8242
 
....TM....<people go away for 3 mos.. Europe shuts down>, it has been a long time since Europe spent more than one month on vacation, and then, it was only the very rich. The PNLK site is for businesses, not "people", in the retail sense.

....<pay fees for customs declaration information> - No one in business will be using these forms. We all use FedEx, UPS, USPS, etc., who all supply us with the forms already prepared. The reason for the PNLK site is to constantly make contacts with new sources of supply, or new customers. This is the most important, of all possible reasons for this site.

....<do not mess with something beyond your control> - Ultimately, the law, and its enforcement, is the controlling force. Between the RICO and SEC statutes, there are enough laws on the books to begin to file class action suits, on behalf of the shareholders, against ALL forces that can be shown to have attempted stock manipulation (This is now much more easily done, just downloading the information currently available on the net). Even if the suits are for naught, the cost of responding (long distances) to subpoenas, and the cost of a defense for same, make the practice of stock manipulation potentially very unprofitable.