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Technology Stocks : CNKT - Connect Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Lawrence Burg who wrote (375)7/7/1998 7:00:00 PM
From: Craig Russell  Respond to of 953
 
Thanks for the info. I noticed you showed up on the yahoo board and seemed a little disapointed. I agree. This may be a quite board but when something is posted it tends to be more genuine and not subject to the hypsters. CNKT could be a buyout at a premium to the current stock price in my very humble opinion. I say this because the people at BA Ventures and Norwest Ventures are not stupid. They could have been selling alongside Stark and haven't. This sale will happen on a valuation basis akin to the way venture capital investments are done and I have seen companies with no revenue command $60 to $80 Million valuations. I believe this is what led the venture folks to participate in the most recent financing. They aren't looking for a 1X return but more on the lines of 10X. CNKT is a risky investment and has been for some time. The risk return is right for me however and I am playing the hand out. CWR