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


To: keith warren who wrote (880)8/12/1998 12:53:00 PM
From: Andeveron  Read Replies (1) | Respond to of 40688
 
>> to all: two (2) 126,000 trades just went through. any ideas? or
>> just mm games again.

Formerly restricted shares are not being released into the market. Look for the float to increase by another million or two within a month. Price will be stable at $1 over the next couple of days as price is propped up. Due to the low volume in PNLK trading, market will move the price to .875 next week, if not earlier. It should settle at .50 where it will consolidate but where it goes from there depends on market sentiment. Sentiment that is, incidentally, negative. PNLK currently has a market cap of 37 million dollars. Is it worth that much? Even at a stock price of .50, it has a cap of ~18 million. Fair market cap would probably be 2 million.

Phase 2 is touted as being a trigger for upward price movement. Given that interest in PNLK is next to nil from the overall marketplace, it will have little to no effect on the stock price. OTC is a bad place to be when the market is mildly bearish.

Intelligent replies only. Replies of dubious quality, based only on
base emotion, ignorance and fear will be ignored. A few tired bulls come immediately to mind.