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Microcap & Penny Stocks : Allnet Services.com Corp. (ANSC) -- Ignore unavailable to you. Want to Upgrade?


To: MakeMoney who wrote (244)11/26/1998 8:39:00 PM
From: John Wilson  Read Replies (3) | Respond to of 1468
 
Jan Garrity Allen - YES. MakeMoney - No. I smell a rat also...This company, at first glance looked good. And may still be, if someone could help this potentially new investor with a few questions / observations.

First of all I think this board has lost some credibility just by the treatment given to mr. Garrity. Secondly, when all the posts are super positive, a bell should go off. So I started my DD process. If someone can answer the following I'd gladly join the ranks of the long on AWEB crowd:

1. What is the name of this "SHELL" company, and where do I find its so called fillings?
2. There are no SEC filings for Allnet services. Most searches yield a Allnet Communications company, which IT is not..
3. Why did it take them until 9/98 to post "unofficial" earnings for 3 months in 97? Where are the audited earnings for the same period?
4. For that matter where are the earnings for 98?
5. It would be nice if somebody could explain the numbers they even posted in their news article, for 97..some of those were strange to me.
6. The recent news of "Record SALE..." smells funny also. Who posts news of a single transaction? What business will sell something for $70K and give $35K to a third party, who serves merely as a conduit between a buyer and a seller? I would contend, with this commission rate, the vendor is better off selling the hot item for $37K in volume in a supermarket!
7. When do we get the promised auditor's nod on any of this companies doings?
8. Why did they not go with an IPO and a legitimate underwriter? What was the advantage of this SHELL COMPANY?

Smells fishy to me...I would love to get informed answers to these questions. Until this happens, I'd advise against putting real money in a concept company with a few skilled web programmers.

Cheers...jw



To: MakeMoney who wrote (244)11/27/1998 1:33:00 AM
From: J.AUGS  Read Replies (1) | Respond to of 1468
 
I also am very suspect of your intentions and could care less whether you post to me or not either. I'm not suggesting that you will be dumping your shares if the price hikes up a considerable amount, but many of your ilk will be!! Investors here don't need you to advice them on whether or not they sell or at what price. I recall a major pump and dump scheme about 4-6 months ago on stocks such as FINE, LEAP and NWRE. I am also familiar with the KING FINE website which I saw mentioned in an earlier post on this board. I agree there is much frenzy on just about any internet related stock lately. But your getting angry about a previous post about Pump and Dumpers, leaves a Big question in my mind about your credibility!!! By the way, saying God Bless after swearing is a real contradiction, isn't it?
J.Augs