When I talked to Greg, he said that shareholders were concerned about the company generating revenues beyond 2000, b/c of the y2k software. In essence, he said the on-line gaming would provide additional revenue, and strengthen their bottom line. Essentially, you could play as say "Gretsky" on a team of internet players. PINC would receive a percentage of the profits from the ISP per hour. Right now their website advertises both on-line hockey and soccer.
As for sales, he indicated to me that just a 10% of the AOL customer base would generate sufficient revenue. Also, they are supposedly in talks with other ISPs. Do you think that if AOL would be attracted, MCI, Sprint, IBM and other networks would want to jump on the bandwagon to make $$$? Maybe with PINC, maybe not, but the strategy is clear to me: if PINC offers an affordable solution to the y2k problem, something even the lowest common denominator could load (re:computer illiterate), then the company grabbing the most market share, the earliest, with the joint ventures set, will get the dollars. This is true for search engines, fast food restaurants, etc.
As with any OTC:BB stock, it is a gamble. Do you take a 50% profit, sell 1/2 at double, or try to ride the gut wrenching ride to maybe 50% paper loss to only be rewarded later? I specifically do not care if the AOL links take a month or two to establish. The way the street values internet stocks, even losses are awarded large valuations (RE: latest Individual Investor articles). We are paying for future revenues on the internet sectors: web and banner hits, plus subscriber base is what is important. True, the bottom line is money earned, but is that earned now or later?
As for my comments regarding Catlady, I wanted to know if she was a shareholder or not. You are not one either. I think it is fair to know these facts, if I am a shareholder, b/c 1) maybe I can show you facts to buy the company, 2) maybe you can show me facts why I should sell (read missed DD) or 3) maybe you (not you, but generically) want to manipulate the stock for your interests. After being burned on PNLK (only 50% profit), TEXN, DIXS, and AWEB, I would like to know who is posting what, if it is true, and why they are doing it. If I cannot get those answers, I tend to be defensive in nature, and might attempt to disarm the attack so others don't get forced into losses based on emotions.
If my prior comments were bashing, I am sorry. I am not one to try to protect PINC. If PINC is a dog, it will show, and I will be a dot. I am not in love with this company, I am just trying to get the facts. I am not "paranoid," I rarely check prices on any stock intraday.
I suggest YOU call Greg as well as other y2k companies and get some facts, as proposed by management, or reported to the SEC. I would love to here what you find out. I've done my DD, am currently satisfied, and am willing to hold.
Respectfully,
Robert
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