To: Seal who wrote (769 ) 8/11/1998 1:30:00 AM From: Sai P. yandamuri Read Replies (4) | Respond to of 40688
PNLK list of failures - My Response to Seal's post #769 Seal,You may be correct by saying that PNLK's share price was peaked even before its launch date. A typical scenario of BUY on RUMOUR and SELL on NEWS. Unfortunately, the NEWS is HYPED and that's why there is no easy recovery for this stock. Here are my views with some factual information : (1) The following is a quote from PNLK's president on May 18th : To ProNetLink's surprise, over 100 corporations signed on and became members in the first 24 hours. "This is not a bad thing," said Jean Pierre Collardeau, CEO of ProNetLink. "I just thought it would be a little slower on a Sunday so that we could get our work done. Now I can't wait for Monday!" Read thru these lines. U will understand these words came from whose mouth ? Now should I comment on your research too ? We all make mistakes during our research and no one is perfect. So, Should I say that U are an idiot too ? Just stop these personnel attacks atleast from your next post. (2) You commented the reason for the price decline is because people like myself who lack vision. We all invest to MAKE money not to LOSE money. Agreed?! There is a difference betn. profit taking, dumping the shares all the way. What do U think is happening here? Who needs the vision? An investor, or the management ? PNLK management TIME & AGAIN proved that they made some HUGE mistakes. Some of them are : - PR mistakes ( I can't list all of them here) - Launching the WEB site sooner(without much content) and releasing a press statement saying that they had to do this because market may not like the idea if they delay further. Whose mistake is this and who is paying for it now? Tell me who has the SHORT term view here ? Market, Investor or the management ?!! - Website development strategic mistakes. Changing the development team in the middle. Whose mistake is this? Proxicomm's or PNLK's?!! Most of U guys were praising 'Proxicomm'before. Now you are all on 'Rare Medium' bandwagon. some of U say that 'Prxicomm' screwed up the website and hence the new company, 'Rare Medium'. No doubt, 'Rare Medium' is a good company. Who lacked the vision here by not going with them in the first place ? - A brokerage firm started their coverage of PNLK with a SELL recommendation. Highly UNUSUAL for a STARTUP company like this. Whose mistake is this ? Brokerage firm's or PNLK's inability to have good relationship with Wall street investment/brokerage firms Can any of U good investors reply to this post ? No.. Not U guys Pag & Warren. I know U want to reply me in a hurry but your brains are not matured enough to participate in this discussion. THIS IS FOR ADULTS ONLY...