Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (14366)	2/24/1999 7:04:00 PM
From: StockDung	Read Replies (1) \| Respond to of 122087

OTC-BB Rule Changes and Internet Stocks Jan 12,1999 The Over the Counter Bulletin Board. We have all come across companies that appear to have a great business product and show potential. When they are explored further we discover they trade on the OTC-BB. A trading system that has no reporting requirements for companies that are listed there. Some don't even have their addresses listed. All that will soon change. The National Association of Securities Dealers, Inc. (NASD®), recently announced that the Securities and Exchange Commission (SEC) has approved the NASD's proposed OTC Bulletin Board Eligibility Rule. This rule permits only those companies that report their current financial information to the SEC, banking, or insurance regulators to be quoted on the OTC Bulletin Board® (OTCBB), offering investors more and better information about OTCBB stocks. These changes are significant as they will provide investors greater information but also provide more visibility for smaller companies that are legit and become fully reporting. This is especially significant for internet stocks where an investor can analyze the potential of a company by analyzing the product online. Additionally with internet stocks the variables used for comparisons include user numbers, revenue growth, content quality and profitability. Tracking companies like media Metrix and Hot100 provide insight into user numbers, the content quality can be assessed by visiting the sites and now the financial picture will also be disclosed. This could provide an opportunity to discover undervalued internet stocks once they become fully reporting. Many internet stocks are taking the reverse merger route and being listed on the OTC-BB as it is both quicker and cheaper than an IPO. However, investors must always be mindful of the risks associated with the smaller companies and that many start ups are destined to fail. iSleuth.Com (SLEU) gained 50% yesterday after announcing they would become fully reporting. With many companies not expected to comply with the new requirements it will be interesting to see if all the internet issues that announce they will comply with reporting obligation will be rewarded in the same manner as iSleuth.com. Under the new rule, Market Makers will not be permitted to quote OTCBB-traded securities unless the issuer has filed periodic reports with the appropriate regulatory agency. The filing requirement protects investors by ensuring that they have access to companies' current financial information when considering investments in OTCBB-traded securities. "Thorough and accurate information is the foundation of sound investment decisions," said Frank G. Zarb, NASD Chairman and Chief Executive Officer. "By requiring the half of all OTCBB companies that currently do not provide publicly-available financial reports to join the half that do, we will take a major step toward improving the quality of the microcap market. We are pleased that the SEC has approved our proposal to effectively eliminate non-reporting companies from the OTC Bulletin Board." Under the new rule, any domestic company that does not file periodic financial reports with the SEC, or with banking or insurance regulators, will be eliminated from the OTCBB after a phase-in period. In April 1998, the SEC required all foreign securities on the OTCBB to be fully registered with the SEC in order to remain quoted. The new requirement applies immediately to any company first quoted on the OTCBB after January 4, 1999. Securities already quoted on the OTCBB as of January 4, 1999, will have until at least July 1999 to comply with the new requirements. The rule will be phased in over a 12 month period beginning in July 1999 and continuing through June 2000 in alphabetical increments based upon the company's name as of January 4, 1999. In June 2000, the rule will apply to all companies on the OTCBB. The filing requirement also means that these companies are subject to greater regulatory oversight by the SEC and other regulatory authorities. The OTC Bulletin Board is a quotation service that displays real-time quotes, last-sale prices, and volume information in domestic and certain foreign securities. Eligible securities include national, regional, and foreign equity issues; and warrants, units, and American Depositary Receipts (ADRs) not listed on any other U.S. national securities market or exchange. Although the OTCBB is operated by the NASD, it is unlike The Nasdaq Stock Market® or other listed markets where individual companies apply for listing and must meet and maintain strict listing standards; individual brokerage firms, or Market Makers initiate quotations for specific securities on the OTC Bulletin Board. Currently, approximately 6,500 securities are quoted on the OTCBB.

To: Anthony@Pacific who wrote (14366)	2/24/1999 8:27:00 PM
From: profit_guy	Read Replies (2) \| Respond to of 122087

<ALERT> A@P, "Perfumania, Inc. Signs a Non-Binding Letter Of Intent With Central America Retail Systems, S.A.". Beautiful - nothing like a good old-fashioned NON-BINDING Letter Of Intent to instill confidence in the shareholders. That combined with paying for advertising on Yahoo is quite the 1-2 punch. Looks like they got quite the "pop" at 3pm when this news hit the wires (it rocketed damn near 50 cents). Please gap, please. Maybe PRFM could top it all off with another high quality CEO appearance on CNBC! biz.yahoo.com biz.yahoo.com lololololol

To: Anthony@Pacific who wrote (14366)	2/24/1999 11:04:00 PM
From: Swami	Respond to of 122087

ABTEE Thoughts on the 10K? The following caught my eye: "In addition, the Company agreed to modify the terms of the existing Series B Preferred Stock conversion and warrant agreements which may have a significant effect on the underlying value of these securities and result in a material change to income applicable to common stock."

To: Anthony@Pacific who wrote (14366)	2/24/1999 11:10:00 PM
From: lazar921	Respond to of 122087

OMGA...avgd in @ 9. at what price do you add? sit tight until 11? add anywhere above 11 or wait until first high (test of 12) and try to add as she falls back? sell into blowoff or let her run? price range please? 9 should be profitable here? ***also when adding: example 1k sold, then added 1k moreon way up. when adding for 3rd time if nec. at for eg. 11-12, do you add 1k more or 2k to truly "double up" thanks Lazar

To: Anthony@Pacific who wrote (14366)	2/25/1999 3:37:00 AM
From: Glenn Petersen	Read Replies (3) \| Respond to of 122087

PWCC. This potential short is so obvious that it probably does not bear mentioning. Flashnet filed an amended S-1 on Wednesday and priced their deal. They split the stock 3.4 to 1 and will sell 3,000,000 shares @$12-14 per share. PWCC will own 1,120,266 post split shares. Assuming that the 15% over-allotment option is exercised, there will be 13,646,233 shares outstanding after the IPO. ISP valuations (per subscriber) currently range from approximately $2,000 (PCNTF) to $3,300 (PRGY). Assume Flashnet's 170,000 subscribers are valued at $2,600 each. That gives the company a total valuation of $442,000,000. That works out to $32.39 per share, giving PWCC's position in Flashnet a total value of approximately $36,300,000. PWCC has 3,253,000 shares outstanding. That works out to $11.15 per PWCC share. PWCC closed at 17 5/8 on Wednesday and has a 52 week low of 2 1/4. They do not appear to have anything currently in the pipeline that is comparable to Flashnet. My guess is that the stock will drop at the open. If not, I would hit this baby hard. IMHO. I hope I havn't missed anything.

To: Anthony@Pacific who wrote (14366)	2/25/1999 9:28:00 AM
From: pakk67	Read Replies (1) \| Respond to of 122087

Tony, look at TWMc closed at 11 11/16 and gapping this morning to 17. Reported .10 over est. peter

To: Anthony@Pacific who wrote (14366)	2/25/1999 9:49:00 AM
From: zx	Read Replies (1) \| Respond to of 122087

tried to short enmd this am but dreyfus brokerage doesn't have any.

To: Anthony@Pacific who wrote (14366)	2/25/1999 10:05:00 AM
From: QQ Q	Respond to of 122087

WATCH JBOH

To: Anthony@Pacific who wrote (14366)	2/25/1999 10:06:00 AM
From: Erik Lundby	Read Replies (1) \| Respond to of 122087

CYOE just released their news again. I guess there wasn't enough of a pop on it last night! Erik

To: Anthony@Pacific who wrote (14366)	2/25/1999 10:50:00 AM
From: StockDung	Read Replies (1) \| Respond to of 122087

Detail Record No. 1 Information America Database:BANKRUPTCY Information Current:03-16-1992 through 02-08-1999 Last Updated:02-05-1999 (Updated on a WEEKLY basis) Filed:SOUTHERN DISTRICT<Picture> Case Number:9302071 Chapter:CHAPTER 11 FILING Filing Date:02-26-1993 Status:OPEN Attorney:PRO SE Filing Location:SOUTHERN DISTRICT/SAN DIEGO 940 FRONT ST.SAN DIEGO, CA 92189 State:CALIFORNIA Court:U. S. BANKRUPTCY COURT Debtor (s):PORTNOY ALLEN J826 ORANGE #404SAN DIEGO, CA 92118 SSN:493-20-9674 1.PORTNOY ALLEN J appears as a defendant in a suit filed on 01-20-1993 in SAN DIEGO County, CA. First plaintiff is AMERICAN BANK OF ST LOUIS. Suit type is ESTABLISH FOREIGN JUDGMENT. 2.PORTNOY ALLEN J appears as a defendant in a suit filed on 01-22-1993 in SAN DIEGO County, CA. First plaintiff is BANK OF SOUTHERN CALIFORNIA. Suit type is BREACH OF CONTRACT. 3.PORTNOY ALLEN J appears as a defendant in a suit filed on 12-02-1991 in SAN DIEGO County, CA. First plaintiff is CHARLES L CRANE A GENCY COMPANY. Suit type is ESTABLISH FOREIGN JUDGMENT. 4.PORTNOY ALLEN J appears as a defendant in a suit filed on 05-20-1991 in SAN DIEGO County, CA. First plaintiff is EDMUNDSON DANIEL C. Suit type is ESTABLISH FOREIGN JUDGMENT. 5.PORTNOY ALLEN J appears as a defendant in a suit filed on 10-25-1990 in SAN DIEGO County, CA. First plaintiff is OLD KENT BANK. Suit type is ESTABLISH FOREIGN JUDGMENT. 6.PORTNOY ALLEN J appears as a defendant in a suit filed on 06-11-1990 in SAN DIEGO County, CA. First plaintiff is SPARTECH CORPORAT ION. Suit type is ESTABLISH FOREIGN JUDGMENT.