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Microcap & Penny Stocks : PINC - Planet City -- Software and Services -- Ignore unavailable to you. Want to Upgrade?

To: DablocTrader who wrote (1257)	3/2/1999 11:18:00 PM
From: ztect	Read Replies (3) \| Respond to of 1754

Dabloc......re: TRUTH (OR THE LACK OF) IN ADVERTISING...... First sorry for the stentorian attitude... This thread has just had its share of hyperventilating enthusiasts. Re: Kraft, your second paragraph was a perceptive one, but you have to wonder why a company devotes so much of its resources to stock promotion, when it should be utilizing its resources for building distributorships. You also have to question what Kraft's financial package is and wonder if his shares are restricted, since promotion typically just creates a short term spike rather than the sustained appreciation of share price. Now I just received an email from WSRG re: PINC. Please read the third paragraph very closely. Note the date of the email precedes announcement of today's "news" release which contradicts the timing set forth it this "news" release. Please also make sure you go back and read Ted Denis' review of the software. (Planet City - #reply-6829616 and #reply-6763045 reviews of y2k software). Note in the third paragraph WSRG notes an "agreement" between PINC and Cardservice International "to incorporate Cardservice's credit card processing technology and services into its e-commerce kit (E-Commkit)." This agreement to me sounds like nothing more than bundling a third party software into PINC's package. Their is no mention of any exclusivity regarding this arrangement. Payment or partial payment for PINC to be able to do this is paying of transaction fees. The specific terms aren't even stated. One has to wonder whether this "agreement" is nothing but a standard package that Cardservices offers companies that want to use Card's software. The second paragraph goes onto say what and who Card Service International is and states the size of Cardservice International business. The way this is then concluded is to not so subtly imply that PINC is going to generate revenue from Cardservice's 6 billion business, where in reality PINC will only derive a percent of the transactions that occur via their E-comm Kits. If no one buys this kit, there are no transactions thus no revenues derived. Plus the percent derived from each sale is NOT stated. THUS THE SIZE OF CARDSERVICES INTERNATIONAL other business IS IRRELEVANT to PINC.Through association and the order of the sentence structure, WSRg has implied a potential that DOES NOT HAVE ANYTHING TO DO WITH PINC. This type of well crafted and worded spew that WSRG (Wall Street Research Group) writes is the type of misleading and deceiving that WSRG has krafted with all its other pumps. Much of the other content of WSRG's obviously can also be debated. Whether PINC actually is legit or not gets lost in the attempt to generate and manipulate share holder interest by overstating the problem of y2k. I long ago personally divested myself of this stock because many people rather than worry about y2k hardware problems are now buying less expensive computers instead (this is especially true of small businesses) AND PINC 's y2k fix was very awkward during my trial use of it at listing software problems, and merely provided a list and not a solution. Denis's review of the software identifying aspects of PINC's solution were less then exhilarating and re-affirmed my own observations. During my trial use of the software, I actually terminated the program because it was taking so long to generate the list of software that potentially had problems. Even if I had waited for this list, I still had to go to each software provider for each software provider's patch. So again PINC's "fix" was of extremely limited value. Thus I don't state that PINC is a scam in any way, but I do note that overstating and exaggerating fears and product claims via paid for company pr i.e.. stock promotion is manipulation and IS being reported to the SEC. Sincerely, ztect cc. enforcement@sec.gov cc. kevin@financialweb.com ================ Contents of WSRG "pump" =================== From: "Wall Street Research Group" <info@wallstreetresearch.net> Save Address Block Sender Subject: STOCK ALERT: PINC Date: Sun, 28 Feb 1999 21:25:10 -0800 Reply Reply All Forward Delete Previous Next Close Attention Stock Alert subscribers : Strong Buy Recommendation : Planet City (OTC BB: PINC) If you have been waiting for a stock that addresses the GLOBAL Y2K problem, this is it. The ramifications of this problem are enormous and far-reaching. Every PC in existence prior to 1996, including Pentium I, will require a repair / upgrade to fix the problem. The costs associated with Y2K (Millennium Bug) compliance represents billions of dollars and an overwhelming effort by programmers to fix! PINC has developed a low cost Y2K software kit that is available over the internet at planetcity.com for only $49.00 US. This revolutionary software identifies Y2K software problems and fixes them! The Company is launching a National advertising campaign for their Y2K software kit starting March 12th. The Company has also signed an exclusive agreement with Cardservice International to incorporate Cardservice's credit card processing technology and services into its e-commerce kit (E-Commkit). Cardservice, whose partners include First Data Corp (NYSE: FDC), transacted over $6 Billion in credit card transactions in 1998 and is the premier transaction service provider in the industry. Now, here's the kicker and this is HUGE... Planet City will receive a percentage of ALL credit card transactions processed through the "E-Commkit" customer base!!! PINC, with estimated 1999 earnings of $.50 per share and year 2000 earnings of $.95, is extremely undervalued and offers substantial price appreciation potential! Using a price earnings ratio (PE) of 20 x projected earnings, we forecast a near term price target of $6.00 to $10.00 by December, 1999 and a longer term price target of $15.00 to $19.00 by December, 2000. PINC is currently trading at LESS than $1.00. Please see Research Report at: wallstreetresearch.net Also, be sure to visit planetcity.com Or visit our home page at: wallstreetresearch.net and follow the links to PINC. DISCLAIMER ==================================================================== Wall Street Research Group cannot and does not warrant the completeness, accuracy, merchant ability, or fitness of the news, information, or entertainment content found herein for any particular purpose. Further, you agree that Wall Street Research Group shall not be held liable to anyone for any loss or injury resulting from the direct or indirect use of Wall Street Research Report. This includes, but is not limited to, loss or injury caused in whole or in part by its negligence or by contingencies beyond its control in procuring, compiling, interpreting, reporting or delivering any portion of Wall Street Research Report. You agree that you bear responsibility for your own investment research and investment decisions, and that Wall Street Research Group shall not be liable for any decision made or action taken by you or others based upon reliance on news, information, or any material published by Wall Street Research Group. All information provided in Wall Street Research Report is to be used on an "as is, with all faults" basis. Wall Street Research Group relies on various sources of information that we believe to be accurate and reliable. However, Wall Street Research Group makes no claims or representations with regard to the accuracy, completeness, or truth of any material contained herein. ================ re: disclaimer OR IN OTHER WORDS, WSRG DISCLAIMS EVERYTHING, AND DOESN'T DENY IN ANYWAY THAT ANY OF ITS PR MAY JUST BE PURE FICTION