To: Coz who wrote (4893 ) 12/22/1998 11:52:00 AM From: gary g Read Replies (2) | Respond to
John, my feeling are that the C0. SHOULD DO EVERYTHING it can to get listed, if this is possable, for it will bring them new stock holders other then us individuals. AND that will be the key to price growth, with out being listed, there best bet will be to have someone buy them out. Remember when they said they had TWO competitors? and not one word of Broadcast.com!!. I will be very surprised if this stock stays below 1.33 in the first Qt. of 1999, holding the stock at 30,000,000 was a very good move, he was showing that he thinks the cash flow will be there, one of the first things he must do is get a line with a big bank even if he doesn't use it, it will send a needed message to the big buyer of stock, but more then that it will gave the customer base the conventence needed, and asure the new customer base that tsis will be able to live up to the contract. He has the assessts to get a line, if needed he can use the balance of the outstanding stock to gave the bank additional sincerity, and this bank should be one chartered in the US. He will have a ongoing cost for the line but it will be the best marketing tool he has. If he chooses to try to grow from cash flow he isn't going to make it, this is a mistake i have seen meny small CO. do and it almost never works..He also needs to inlarge his board and that will be hard for him to do, for he is acting more like a entrepreneur then a lawer, he is holding the Co. to close, he should be looking at some of his customer base for directors and put one of his bankers on as a director, along with a CFO from a large Co. in his town..The thing that sold me more then anyother was the PUFFER FISH thing, I like that kind of thinking, but it is no longer the way he should be looking at it, it worked for him, but now it is grow or look for a partner/buyer..IMO
