To: Lane Hall-Witt who wrote (148 ) 5/22/1998 2:22:00 PM From: carolm Read Replies (2) | Respond to of 40688
Subject: PNLK Date: Fri, 22 May 1998 14:09:16 -0400 From: Andy_Pace@aporter.com To: carolm@hevanet.com Carol: I am a lurker on the PNLK thread and have not yet paid my SI initiation fee. I was ready to do so, but after seeing the venom that was spewed on the other PNLK thread, I decided it wasn't where I wanted to allocate resources at this time. If you could post this for me, I'd appreciate it. Let me first say, I'm long on PNLK and think it is a solid idea that with good execution could be a profitable investment over time. Like everyone else on this thread, I have no idea what the company's value today truly is, but, as many have pointed out, that doesn't distinguish the company from many nascent internet companies. I am troubled by the WSJ article and the fact that such an esteemed organization doesn't do any greater due diligence before it prints things that it knows have significant market impact. In particular, I look at the following quote in yesterday's piece: <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.> This is true but no one has pointed out, nor did the WSJ article indicated, that the week ended May 17 was exactly 2 days long since the site was officially launched on May15/16. To refer to this as "just" 8,868 user sessions is rather misleading. In any event, hopefully this thread will be reduced to the investors in this stock who will not be swayed by the volatile ups and downs of the daytraders and manipulators. The company may or may not make it in the long run, but it is impossible to refute that internet commerce is one of the great trends of the future, and hopefully PNLK will be at the leading edge of the wave. Good investing, Andy