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

To: Warren A. Wilbur, Jr. who wrote (6574)	6/4/1998 4:56:00 PM
From: Planter	Read Replies (1) \| Respond to of 8242

Now were rolling. Warren, I am sure this has been asked before, but, I would like to know about the "trial period". I guess I was under the impression that it started from day one, and ended two weeks later. Perhaps, it is intended to give each person a two week window to assess any potential value to their needs. What do you think? P

To: Warren A. Wilbur, Jr. who wrote (6574)	6/4/1998 6:05:00 PM
From: Peter Mui	Read Replies (3) \| Respond to of 8242

* Long Post; Comments, etc welcome * As a business owner, I am compelled to look for value in the goods that my company sells. In my business, value comes from the quality of the software, the recognition and reputation of the publisher and more intangibly, market perception and eventual reception of the software title. The decisions that I make affect what the stores that we supply sell and what our customers in the USA and Europe have access to. It is in my best interest to choose perceived value in software titles carefully. If I make a bad decision, we'll be sitting on inventory and take losses; choose correctly and we make handsome profits. At it's core, value may be subjective to the viewer or it is intrinsic; gold is valuable in world markets, wheat is valuable as a trade commodity, a Mickey Mantle rookie baseball card is gold in the eye of collectors. I try to apply this same principle to the stocks I choose. I am very much a long term investor. My first stock purchase was 100 shares of Disney when I was 21-22 years old. I remember calling Charles Schwab back in the early 90s and asking to buy the shares at market. The trade executed at $35 per share and about $100 in commission. I bought Disney because I liked their products, I enjoyed their movies and I considered Michael Eisner to be an incredible CEO with great vision and execution. I chose my perceived value in Disney correctly and I still hold the shares. I have also chosen to buy Microsoft and Apple Computer, which I have also held. Apple has floundered but I still perceive value in the company and we still use Macintosh computers for company invoicing (nicer, cleaner layouts) and for 3D and web graphic design (Photo Shop v4.0, 3-D Studio Max and Strata Studio Pro). When I first heard about PNLK, it was straddling the $1 range. The company was interesting and their mission of promoting and executing trade contacts through the internet was intriguing. My company constantly looks for new contacts and sales channels; as does any other company that wants to expand and grow. The idea of gaining access to thousands of potential customers in Europe, South America and even north of the border, Canada, was tantalizing. There was perception of value in PNLK stock. I didn't buy into the stock then but watched it climb. I eventually bought in at $3.43 with a buy of 10,000 shares. When it dropped to $3.00, I purchased another 10,000 shares to average down. In the ensuing weeks, I watched it rocket to as high as $7 at close. I held all through that time because I believed that there was great value in PNLK. When the site opened up on May 15, I signed my company up and checked it out. Sure, there were problems and minor niggles but the site had a clean layout and it was fast. It was not until a week or so after the launch that I was able to check out the site thoroughly. There were obvious problems that remained but I won't go into them again, lest I get accused of being a short. Sigh. Do I still perceive value in PNLK? As a business person, I think that a lot can be done with the site as we see it now. The database that is in place is potentially very valuable if modifications are made to it. A keyword search would enhance the value of that database exponentially. So, yes, I do see value in PNLK's site. Here are the factors however that must be overcome: 1) Does the CEO and staff of Pro Net Link have the propensity and vision to execute the game plan? Glen Zagoren has represented the company admirably but he is only one cog in the machine, the others must work in tandem. 2) Will subscribers accept the PNLK vision and sign up and pay the yearly fee? This is difficult to assess without concrete numbers from PNLK. From my own personal experience, I can only honestly say that in it's current form, the PNLK site does not work well enough for us to sign up as a yearly customer. We will return to site when Glen reports updates and improvements and we will re-evaluate the situation. I will also become a shareholder again when the site works better. 3) Competition. There are others in the field. Trade Compass, as I mentioned in an earlier post, is a fully functional site with detailed contact information on the vendors and manufacturers that are featured. Other have mentioned the Thomas Register, which I consider THE search engine for locating businesses in the USA. We have used the book set version of the Thomas Register and found many industrial suppliers of solder equipment, packing supplies, and warehouse equipment. I wholeheartedly agree that their search engine should be the standard by which Proxicomm should model PNLK's after. Well, those are my thoughts. Take them for what they are worth. I do not short stocks and I have neither interest nor time in staying on bulletin boards to tout OTC stocks or bash them. If I see value in something, I will be glad to share it. If I have honest opinions and thoughts on a stock, I think I should be allowed to post them without recrimination or left of center accusations that don't even focus on my argument. Should I have been untruthful and praised the site for it's incredible value? Sorry, I don't work that way and neither should anyone else. Rather, someone questions my education and whether or not I am really a 27 year old CEO of a company. If I have represented myself poorly in my posts with miserable grammar and atrocious spelling, it would be understandable but I try to be reasonable, well thought out and considerate in all of my correspondence to a public bulletin board such as this one or in my private e-mail. Regards, Peter