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Microcap & Penny Stocks : YOUR FAVORITE INTERNET PICK..... AND WHY ????? -- Ignore unavailable to you. Want to Upgrade?


To: blankmind who wrote (432)1/1/1999 6:21:00 PM
From: RikRichter  Respond to of 962
 
blankmind,

Don't get me wrong, I'm not saying that SLEU has billions of dollars on its balance sheet like MSFT. They do not. SLEU is a speculative EBB issue with promising technology, solid alliances (ie: INKT and TFSM) and impressive client list (ie: barnesandnoble.com, COOL, MBNA Bank, CNNow, etc.). They are aiming for 200 online retailers and 500,000 products initially.

I think I previously addressed this issue with SW before but I believe that SLEU should have no problem raising additional capital publicly or through a private placement. Don't forget that the company just completed a reverse merger in October, 1998 which improves their chances of accessing capital.

Now that isleuth.com is commercialized, there should be a stream of revenues and cash flow which should support their cash needs. In addition, I don't believe Inktomi would allow SLEU to fail since they are jointly working on this comparison shopping search engine together.

There are some very shaky companies out their touting their Internet opportunities whose market caps are in the stratosphere (ie: hundreds of millions or billions of dollars). SLEU's market cap is a MERE $9 million. Show me another commercialized Internet technology stock with these kinds of clients and alliances that SLEU has with this kind of a market value.

Finally WRT to stock price data, the high price that you see has nothing to do with SLEU since the reverse merger in October. The highest SLEU has been since the merger is about 9 1/2.

Regards and happy new year.

Elliot