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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: EaglePutt who wrote (3113)	5/20/1998 7:50:00 AM
From: Adivino	Respond to of 25711

If the projected revenues are correct and the merger with Chrysler increases the revenues this stock is still undervalued IMHO.

To: EaglePutt who wrote (3113)	5/20/1998 8:00:00 AM
From: Adivino	Read Replies (1) \| Respond to of 25711

Here is one if all is true I can kick myself in the rear for not buying more, PLFM. Subject: Late Breaking News from Howard! Date: Tue, May 19, 1998 14:38 EDT From: SOWL Greetings everyone. I finally reached Howard late last night--working at the office--and had a very lengthytalk with him about many of my concerns that I and others here have expressed over the last two weeks. The following is the substance of our talk (I'm sure I forgot some and will post more if I remember--it was almost 2:00a.m. eastern time)! 1. Although there will be no news release until May 27th, PLFM web page is being updated with test information, videos and more. Although lawyers are checking info to make sure no intellectual property info is released inadvertently, Howard believes the new info will be available within the next two days! 2. Guatamala--Guatamala is still in the works (not on hold or disgarded as many of us believed). "It has just taken a backseat to Brazil as the little brother," according to Howard. 3. I asked Howard if there was a chance that Brazil was not going to happen. He said no way but would not go into detail about negotiations (understandably) and added, "Do you think we would be building an office right now in Brazil if this wasn't going to happen!" "Do you think we would be working twenty hours a day, etc. etc. if Brazil deal wasn't going through?" (It seems that Howard has been working so muc that he has also been getting sick and sounded quite exhausted.) I told him that he needs to get a vacation after things quiet down, but he said that with all the interest and things going on he doubted he would ever get a vacation. 4. I then asked Howard how PLFM was going to pay for the construction and setup of the systems and whether they would receive a lump sum from the Brazil deal for startup. He again said he couldn't discuss the Brazil deal but that PLFM had recently completed arrangements with a large bank for debt financing for the startup at very good terms (I think ADCT helped) and that the bank would be supplying a CFO to PLFM to assist in managing the revenues and financing. (He didn't tell me the name of the bank) To me this is further great news of how close this project is to coming together if a major bank is willing to finance and supply managment. It also indicates and Howard verified that PLFM will not be issuing more stock or any new class of stock to finance the project! 5. My interest is in Space Division so I asked what was going on and he replied that they are not talking about Space Division now only because they want people to focus on ARC System, but he said that the Space Division is making great progress and two of the four contracts necessary have been signed. (Again he couldn't tell me with what corporationsbut he assured me that this news will be released after the Brazil deal is settled.) 6. Howard also talked at length about the ARC System specs. but I have to admit most of it was over my head. When you start talking about bands and frequencies and redundancies, etc. I am lost. The bottom line is that the test (excuse me--the demonstration: I made the mistake of mentioning test to Howard and he corrected me that it was not a "test", it was a "demonstration". He said everything had been fully tested prior to demonstration.) went even better than expected and that the system far exceeded even the engineering specifications. In fact, they made some interesting discoveries when testing over San Diego, that they could handle all of San Diego by overlaying their system grid over the existing grid at a fraction of the cost and could immediately expand that system by 800,000 calls without any infrastructure costs (towers, etc.) by just turning one switch! The ramifications of this are astronomical! It means that with no modification to PLFM's system, PLFM can now go to any city and immediately begin operations, allowing those cities to expand their cell service without the multi-million dollar costs traditionally needed. Howard even mentioned plans for Europe and Japan. NOW FOR THE GOOD NEWS... 7. PLFM and ADCT are now targeting the United States. Howard would not tell me where but he was very excited and thought the publicity would be a great benefit to PLFM. 8. Although the ARC System in its full array will not be ready for six months, given their recent negotiations here and in Brazil, PLFM and ADCT plan on having a working system to deploy within 60 days! I am sure I have forgotten much but there are the main points of our conversation. Good luck everyone and get ready for the next ride! ******************************************************** I think we are sitting on a fortune !!!! JAKE