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To: ztect who wrote (7427)12/23/1998 12:29:00 AM
From: NicktheGreek  Read Replies (1) | Respond to of 40688
 
Ztect
I think you are right, and I agree.
Nick



To: ztect who wrote (7427)12/23/1998 8:31:00 AM
From: terri acey  Respond to of 40688
 
Yes Z, I have to agree with you on this one.
The 15c211 is a very good step in the right direction..Hopefully it is the first of many in releasing figures to shareholders...
Unfortunately, it doesn't offer full disclosure and opens speculation as to why the company continues to have a dilution of endless shares..
It does appear as I try to read between the lines that the 4.2 Mil shares @.20 is some form of pmt/compensation to who we don't know..but nevertheless, stock is continuing to be given in this fashion which affirms the point that revenues aren't enough (which we we all figured as much with the setback of V2) and PNL doesn't want to dip into their line of credit. What has me concerned even more is the increase of authorization of 150M shares...

But once again, as a start up company there will be missteps and hindsight as they make their niche as the premier import/export webtool for all services rendered...Even as the disappointing numbers are starting to surface, I have no doubt we as shareholders will dissect and question as to why they did or didn't do the placement differently.

As for becoming a full reporting company, Glenn sent me an email a while back that PNL is working very hard with their attorneys to become listed on the Nasdaq. This will take time and I was not given a timeframe nor did I expect one. I invested in this company fully aware it was on the OTC and that there were not any reporting financials for me to dissect.

Of course the continuation of the slide in the stock price is very frustrating and is definitely not a reflection of the value of the company. It is continuing to acquire alliances from around the world and the webtool is being finetuned with the advent of V3. They have acquired an executive (COO) with an extensive import/export background who not only has in expertise in that area, but in technical
networking and development of operating systems as well. This is much needed and valued in the internet arena .

I would love to see them hire a respected PR firm that will keep spin control to a minimum and keep the shareholders informed. This frees Glenn's time to market globally as he has been doing and which he does well. And let's be realistic. PNL is not Glenn's only client. My understanding is some form of newsletter is to began shortly along those lines.

In summary, I didn't have a short time horizon when I invested in PNL. I am ready to hunker down for the duration as I still like what the company is doing for the long term. I have been able to cost average to a very comfortable and realistic stock price that I feel is attainable. Even at a loss, I don't feel it warrants a sale to put on my 1099 tax form for next year..

PNL is a start up speculative endeavor and although I am not happy with the delay of the financials and full disclosure of terms, at least for me, the positives still outweigh the negatives.

A good day to all PNLKers,
Terri