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


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