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Gold/Mining/Energy : Valu-Net Corp (VNE on ASE - was Faymar) -- Ignore unavailable to you. Want to Upgrade?

To: Ian@SI who wrote (679)	2/10/1999 9:46:00 AM
From: nicholasparis	Read Replies (1) \| Respond to of 974

Ian, I guess you must believe the BCE alliances will dominate all ecommerce business in Canada and worldwide. Sad. Anyway, an example of a Valunet customer would be IPC Personal Computers which uses VNE's CPAC software as their e-commerce platform. CPAC software is approved by all Canada's banks and is a leading system.

To: Ian@SI who wrote (679)	2/10/1999 10:04:00 AM
From: Zardoz	Read Replies (1) \| Respond to of 974

One person can neither sink a stock or pump a stock. Personally I like Ian posting anything that knocks sense into a thread. See I have great concerns over this: "Valu-Net signed an agreement to issue 6.67 million units in equity financing, via a private placement. Each unit is comprised of one common share at 90 Canadian cents and one full warrant to purchase one common share at $1.25 (Canadian). The first phase of the private placement, totalling up to $6-million (Canadian), is expected to close on or before Feb. 28, 1999, while the warrants are expected to be exercised anytime within the next two years. If all the warrants are exercised, a further $8-million (Canadian) will be raised, for a total of $14-million (Canadian), in new equity financing. The price per common share was fixed pursuant to the maximum discount allowable by the ASE as at Jan. 11, 1999. A private, New York based investment partnership will lead this issue, on a best efforts basis, with the assistance of a major securities underwriter and brokerage house in New York." Until that PP closes, this stock is open to a fall, or run in any direction based on the whims of the people taking part. What if the PP doesn't close? The next one could be lower, or higher. Unless I missed something in my DD, they have less then $200,000 cash? And a hand full of promises. Then you add this to the pot, and you mix the stock further: Nov 4 1998 "The company has closed a private placement for $642,000 via the issuance of 2,292,858 Valu-Net shares at 28 cents. These shares, which were subscribed for by overseas investors, are subject to a 90 day hold period." Which means that cheap paper is floating around already? {Feb 4 1999) So Ian's concerns are just questions.

To: Ian@SI who wrote (679)	2/10/1999 12:44:00 PM
From: Budzone	Read Replies (1) \| Respond to of 974

Ian, Enough is enough! I have been reading your posts on this thread and am getting tired of your bashing. Originally you raised some interesting points..and have received equally interesting comments from DavidO and Zeus among others. This now seems to be your mission in life to convince the rest of us to jump ship. The reality is that every stock play is risky and you shouldn't be in a play unless you are prepared to ride out the storm. That is unless if you are playing for the short term and in that case you shouldn't be posting to this thread. With regards to BCE press releases. I agree with the others that the BCE announcements deal with a different service in ecommerce and doesn't compete with the Emerge alliance. Secondly when you were hyping the Bell Emergis stock last week with there great announcement at the Internet show their stock was trading in the mid thirties and today is trading at $28 give or take. Had I taken your advice then I would also be down in the market. Be patient and wait for further developments on VNE. You promised once before that you were no longer going to post here. Unless you have information to share I would suggest to spend your time somewhere else.... we are becoming tired of your games. Share information and be constructive, don't just bash!!!