SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : PNLK..ProNetLink..Facts Thread -- Ignore unavailable to you. Want to Upgrade?


To: xyz who wrote (117)2/9/1999 7:14:00 AM
From: terri acey  Respond to of 291
 
Good morning PNLKers,
Some of you have been asking about the 15c that has been sent out to those who have requested it.
It is fairly lengthy with lots of numbers ( Accounting was my least favorite subject in College..) so I won't bore you unnecessarily...
I will highlight a few items, however..
It gives a brief description of the nature of the business including this statement:
"Currently, there are over 40 million Internet users daily. By the year 2000, it is projected that 200 million users will have the potential to access Pro Net Link's on-line database of information...."
Their address is 645 Fifth Ave, Suite 303. NY NY 10022 and is approx 3,650 square feet.
JPC is listed as the President and Treasurer/Director.
In Sep and Oct of 98 was when the PP was consummated. 4,210.000 shares of Common stock to certain subscribers for the purchase price of 842,000.00..the funds were raised to allow PNL to continue with its website and development programs.
Feldman Sherb Ehrlich & Co located on 805 5th Ave conducted the audit of the balance sheet as of June 30,98 and statements of operations, asset and cash flows from Jul 25,1997 thru Jun 30,1998.
As of Jun 30,1998 listed on Balance Sheet there were 150,000,000 shares authorized,37,849,500 shares issued and outstanding.
Pro Net Link Corp. was incorporated on July 25, 1997 in the state of Delaware.
The line of credit of 500,000 expires Apr 30, 1999 but is subject for renewal at 1% over the bank base rate secured by a standby letter of credit.
As of Oct 31,1998 they show a subscriptions receivable of 440,000 (So as you can see, even with the disappointment of V2, there were still subscribers through the summer...)
Total Liabilities and Equity as of Oct 31, 1998 were 756,216.74.

There are more details and breakdowns with specific figures and for what, but too much to list on the thread. For those of you bean counters out there, giveTaylor a call and she will be happy to mail you a 15c2-11 and if you want specifics, you may give me a PM and I will be happy to oblige.

Please remember, this is only a snapshot through June and Oct of last year, so as of now Jan 99, these figures have changed.

Regards and good morning,
Terri



To: xyz who wrote (117)2/9/1999 7:24:00 AM
From: terri acey  Read Replies (1) | Respond to of 291
 
To: +FlatTaxMan (9515 )
From: +Warren A. Wilbur, Jr. Monday, Feb 8 1999 2:00PM ET
Reply # of 9561

While in Tel Aviv (last week) I had a chance to speak with Click's CEO Chanan Greenberg and COC's Uri Greenbaum.

Mr. Greenberg sees the importance of Ver. III in the fact that it will
allow the non internet world to join the rest of the world on the internet. This will be made possible with the new upgrades and additional features in Ver. III.

As we all know not every importer / exporter is on the internet and Ver. III as a tool will help PNL expand beyond the cyber world .

Israeli Chamber of Commerce: While trying to get a hold of Mr. Uri
Greenbaum, I had a chance to chat with several employees. They were
ALL aware of ProNetLink, (who PNL was and what they do !) I guess
Zagoren's visit left an impact as few of the employees had purchased
the PNLK stock...'nuf said.

Regards