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Microcap & Penny Stocks : ProNetLink...PNLK...Click here to enter -- Ignore unavailable to you. Want to Upgrade?


To: TRUTH who wrote (96)5/21/1998 11:14:00 PM
From: ThePro  Read Replies (2) | Respond to of 40688
 
I'm sorry but I have never seen you post a message on this thread!!!!
Could you please take these negative sentiments & go back to the Wall Street News or wherever you are from.
There are counteless startup Internet companies that didnt even post 1 one hundred of 1% as much as the people on this thread & there company is still not making any money & there stock price is out a site!!
EG........ Yhoo,Xcit,Seek,Concentric,Lycos,Onsale,Cybercash & so on.
The internet sector has been doing extremely well this year & was predicted to do so by Steve Harmon on the Motley Fool..
So Mr. Truth dont come spreading your spam about one persons opinion when it indeed is one persons opinion.Your post is very discouraging to the moral of this site!!!!
]
Regards DON



To: TRUTH who wrote (96)5/22/1998 2:12:00 AM
From: ER Doc  Read Replies (1) | Respond to of 40688
 
Observations on the Wall Street Journal Interactive Article:

1. "Its valuation has soared even though ProNetLink has just $379,227 in assets, no
earnings and no revenue. The company is less than a year old, has just six employees,
and its only product was introduced just last Friday. But the company has used an
aggressive promotional campaign to spread the word about its service."

We knew all of this already. And we have definitely covered the difficulty of trying to value internet stock.

2. " One of its first press releases, in October 1997, announced that 'ProNetLink permits
its members to advertise their companies to up to 40 million Internet users daily.' The
claim about the site's marketing reach, made six months before the Web site was
launched, was based merely on an estimate of the total universe of Internet users. In
the week ended May 17, the company says, just 8,868 "user sessions" were recorded."

I'm sure the reference to 40M internet users was in the context of the potential of the internet, not an attempt to claim that PNLK would have that many users. And I thought the number of user sessions was quite impressive.

3. "Another ProNetLink press release, issued on May 8, says its subscribers would get
free access to Dow Jones News Service. The release also referred to content from
Dow Jones News Focus. "This feature alone makes the ProNetLink dollar-a-day
membership fee seem far too low," the release quotes Mr. Collardeau as saying at a
press conference. Dow Jones & Co., which publishes the news service as well as
The Wall Street Journal Interactive Edition, later the same day issued a release of its
own, saying no deal had been struck yet, and that full access to Dow Jones News
Service wasn't under consideration. This week, the companies reached a deal
regarding News Focus, a far more limited news service."

Actually, I went back and read the release, and it did indeed say Dow Jones News Focus.
go2net.newsalert.com

4. "Mr. Zagoren says a "significant" part of his compensation from ProNetLink will come
in the way of stock options. He says that in March 1999 -- one year after his contract
with ProNetLink began -- he will be able to buy up to 500,000 ProNetLink shares for
$1 each, and sell them at any time. "It's the incentive factor. They are saying, 'We're
at $1 today, where can you take us? If you do a good job, you deserve to make
money on that,'" he says.

Others could make a tremendous profit from ProNetLink stock, if it remains
anywhere near its current price. Mr. Collardeau purchased four million shares of the
company in August 1997 for $400, or one-hundredth of a cent each. Other members
of his family hold nine million shares, purchased at the same price. Even after the
stock's recent slide, at the close of trading Wednesday, Mr. Collardeau's holdings
were worth $14.3 million."

I don't know about this one. Is this out of line?



To: TRUTH who wrote (96)5/22/1998 9:54:00 AM
From: Lucky Lady  Read Replies (2) | Respond to of 40688
 
Mr. Zagoren, There are two things that bother me about this article.

1. Press releases should contain accurate, verifiable facts.
The inability of the reporter to verify Mr. C's speeches and
seminars for cited associations looked bad. These credentials
have been much cited. This should be clarified.

2. I was surprised at the millions of shares owned by Mr. C,
his family and unnamed investors for such a nominal
monetary contribution. Of course, he deserves to be compensated
for his vision and two years of work to develop this
project. Nevertheless, such compensation should be
reasonable....I wouldn't expect it to include ones family!

However, I was much more concerned by the statement that they
could sell the shares starting Aug. 1st. You told us that
there were 7+ M shares in the float and the others were
restricted. Aug. 1st isn't long enough for us public investors
especially with such a huge profit available for them and
we are so early in the process.

I would like to see Mr. C,his family and the unnamed investors
agree to a voluntary restriction of 18 months.

Is PNLK's long term debt to or line of credit with Mr. C ?
I appears the $194,000 of the LT notes outstanding are to Mr.
C. It appears that his investment is being paid back with 8%
interest! I believe in reasonable compensation but this is
a public company--not a private one. There needs to be a
balance of interests and risks. Currently we public investors
bear all of the risk. Management should share in the risks
and rewards---as you are.

Is Mr. C salaried too?

Lucky Lady