To: Planter who wrote (7052 ) 6/17/1998 11:11:00 AM From: James Mitchell Read Replies (2) | Respond to of 8242
We cannot ignore the usability (or lack thereof) of the site. While there are x amount of people who would sign up for what amounts to an expensive magazine subscription, there has to be some use for the subscriber or there is no reason to sign up, hence no revenue. Period. While I am long on my remaining shares, I fully expect the price to tank. I am hoping they pull it off. Like so many, I was impressed with ProNet's ability to utilize Dun & Bradstreet, sign some other strong names to their cause, etc. But there must be at least one useable feature for any new subscriber. I am hoping swift transfer gives those potential customers mentioned here before a reason to sign on. Customers must have a reason to lay down their $360. I think parallels to other Inet stocks can be valid, INFOSEEK works for me. Before they changed their home page, the sight really sucked. Even now after switching to channels, the site to me is just OK. However, I tend to use it for quick searches a lot because I like that element of it. But what has really driven this company is Harry(?) Motro the President/CEO. He has lots of connections. He came on board and starting making strategic advertising deals and alliances which helped bring in revenue. Everybody laughed at their secondary offering, until they bought WBS chat with it, in essence instantly increasing their revenue. Everybody mentions Glenn, but Jean Pierre is really the guy that's driving this. The alliances he may or may not have and the choices and direction he's taking now are going to determine the success or failure of this company/stock. Believe me, I know it's hard to watch the stock right now. But we are bound to see worse until we have something tangible from the company, i.e. drastically improved site (phase II), sign-on numbers, revenue!, or additional strategic alliances that are operable from day 1. Any way you slice it, it's gonna be a long ride.