To: Sai P. yandamuri who wrote (933 ) 8/14/1998 2:40:00 PM From: ztect Respond to of 40688
Sai, Regarding contacts, the obvious person to start with is Zagoren. His contact #'s are as follows: for marketing information contact Zagoren-Zazzora at 212-629-6220. Glenn Zagoren for ProNetLink, 212-688-8838. Email can be sent to info@zagoren.com. For more information or investment packages, contact ProNetLink, 645 Fifth Avenue, Suite 303, New York, NY 10022 Tel: 212-688-8838 ================================================ Of course I agree with you that companies put the best "spin" on their companies, but they also should be the first source, if not necessarily the best source, of information. I also should qualify my earlier statements regarding the impact of "bashers" or "pumpers" because to a certain point I agree with you on that as well. Pumping and or dumping only work when there is genuine excitement about a company based on reality or speculation. With huge volume and a previous day's large movement, one can get swayed by the momentum. At this state in PNL's development from a stock valuation point of view, pumpers will have no effect because PNL didn't deliver the goods with its launch. No amount of statements like "I'm buying more shares at these bargain prices", or "PNL will never be this cheap again", et cetera, will induce people to buy because of the skepticism that has arisen around this company. This company can win over its skeptics only with a successful phase 2 implementation. Because of this skepticism, I also feel the stock price may not move until p2 is in place rather than based on the expectation of p2 being released. Now what I do feel adversely effects interest and short term pricing of the stock is the childish exchanges that occur when the "hypsters" and "bashers" interact. The "bashers" come on and seem to purposely make statements that seem only intent upon provocation. They say they have no interest in the company yet persevere with very draconian statements said matter of factly and repeatedly. The "cheer leaders" react, no information is exchanged or dialogue established, and the whole exchange degrades into personal exchanges. Both sides are at fault. These exchanges turn people off to the value of SI and this thread in particular as a source of information and do reflect poorly on the companies on the threads being discussed. These exchanges, at times, feel as if they're orchestrated. Regarding, the "bashers", they lose credibility when they feel the need to be so assured of everything they say, and feel the need to be authorities. They also lose credibility when they don't fully explain their arguments and make blanket unsubstantiated statements. They especially lose their credibility when they feel the need to repeatedly state their opinions through repeated posts and say there only reason for being on the thread is to protect other people's money. If these bashers are wrong or go too far they may also transcend the line between free speech and libel. If they have no interest in the company and incessantly "bash" a specific issue like John Mock, for example, they may also violate SEC regulations. If they are genuinely concerned about the actions of a company or the actions of individuals on threads "pumping" a company , they should report those action to the SEC especially if they feel those individuals are in cahoots with company management. The "cheer leaders" likewise aren't adding to the conversation. The pumpers are equally insidious. However, distinguishing between true "pumpers" and people who have gotten a bit too enthusiastic about an issue is a bit more difficult to ascertain. From my experience with this equity, the pumpers are long since gone. Tmex, the quintessential pumper, took his $250.000 gain and has been long gone. Had I'd been more familiar with these bb issues, I'd have taken more profits and not been so greedy especially after analyzing the usefulness of the web page at its launch. I could have always gotten back in as the web page functionality met the lofty ambitions of the concept expressed only so far in words. IMO waiting as an investor for the story to develop, would be a wise decision at this point since buying in at 2 or 3 for a company that can go much higher based on the services provided still allows a lot of room for appreciation. As a trader, a P2 bump up may make PNL a worthwhile trade for the near term, since there is limited downward risk unless P2 is delayed or a bust. If there is a run on the expectation of P2's release, then trading makes a lot of sense since you can get out at the release of P2 and your trade isn't contingent upon what is in P2 . If the price doesn't move until the release of P2, which IMO will be more likely, then what P2 delivers will be more crucial. Anyway, there I go again with my verbose sentiments. z