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.

Microcap & Penny Stocks : WR, LB and Friends. NO HYPESTERS OR SCAMMERS -- Ignore unavailable to you. Want to Upgrade?

To: ynot who wrote (6414)	4/7/1999 1:52:00 AM
From: Can Do Stocks 2	Read Replies (2) \| Respond to of 13776

Who left the lights on? Wayne likes to save $ on the electric bill:-) I bought more splits today than ever before. They seem to work, so I guess I can't fight that...ENOT worked just fine ;-) When your on a roll...

To: ynot who wrote (6414)	4/7/1999 2:31:00 AM
From: SIW	Read Replies (1) \| Respond to of 13776

DD Masters...for your consideration. Please check out CRNC. I have been doing dd for a while now. I cannot find many reasons not to throw some serious cash into this one for what may prove to be a very profitable investment. They are currently undergoing a pretty amazing transformation. Chronicle is a fully reporting OTC/BB currently priced around a buck. IMO, their current trading level does not nearly reflect the the exciting new developments at the company. This may end up being one of the most undervalued plays you can find anywhere. Chronicle has just had its first Q of profitability and is about to acquire several new businesses with about 100MM in annual audited projected revenues at high profit margins. CRNC will be a holding company for several existing and profitable "cash cow" businesses whose substantial assets and resources will be leveraged to fuel future development and expansion of all of Chronicle's subsidiaries. This includes an Frontline Consulting, an IBM Business Partner. According to my own dd, Chronicle may soon to be releasing PR's regarding the following several items (among possible others): -CLOSING THE ACQUISITION OF FRONTLINE CONSULTING INC (this PR is expected within a week). Quote from Company regarding Frontline: "FCS has historical profit margins that exceed 30% and revenue projections for the twelve months after being acquired by Chronicle of $8,500,000." -"HUGE" DEAL TO BE SIGNED FROM FRONTLINE (PR expected upon or soon after CRNC/Frontline close, which should be within a week). Quote from CEO Whitman (4/5/99): "Frontline is an "IBM Partner" and shortly after being acquired by Chronicle will announce a huge contract with a foreign government to head up their Y2K compliance issues as well as ongoing computer software consulting services." "(Frontline) represents millions of dollars in net profit over the next two years." FINALIZATION OF FLORIDA MACHINE AND WELDING DEAL (may get a PR, the deal is more or less closed but they may have a PR for the actual stock swap on 4/16, read below). Quotes from CEO Whitman regarding FMW, "With modest capital infusion from Chronicle, Florida Machine and Welding will hit it's projected 12-month revenues of $5,000,000.00. (Chronicle is expected to fund Florida Machine and Welding 500,000.00 by the end of April 1999)." "The acquisition will be 100% complete upon the owners of Chronicle and the old owners of Florida Machine swapping stock. We are going to that on Friday April 16th. Chronicle is currently operating the company and will get to book all current revenues and profits." NEW ACQUISITION ANNOUNCEMENT FLORIDA EQUIPMENT AND SERVICE (PR coming soon most likely) CRNC has apparently decided to take over the debt of a sister company of FMW in exchange for the rights to ownership. CEO Quote (4/59/99): "It is also very possible that Chronicle will become the owner of this company as well. Florida Equipment is currently in chapter 11 reorganization. Chronicle's management is currently in talks with Sr. Creditors to acquire their positions in an effort to become the senior creditor. If successful, Chronicle will realize an additional $4,000,000 in net assets and revenue of $5,000,000 per year (with out) having any additional stock outlay. The amount of cash needed to secure all debt and get Florida Equipment out of reorganization is under $3.5 million. Chronicle believes this will be accomplished by the end of April. If successful in acquiring Florida Equipment and Service, Chronicle will have a dynamic company that is drastically undervalued and will represent huge profit potential over the next 12-months." LAUNCHING OF COMPREHENSIVE NEW WEBSITE FOR RESEARCHING COMPANIES Quote from CEO (4/5/99): "Market Maker Plus is moving forward. We have delayed the start of this magazine so that an all inclusive, complimentary web site can be created. This internet web site will feature listing information on every company planning to go public plus other firms searching for money. Profiles of some of the firms will include audio text and information will be updated daily. This site will contain more data on companies searching for investors than any other web-sites. The magazine will reach every stock brokerage office with news and features on publicly traded emerging growth companies." ANNOUNCEMENT OF BANK FINANCING Apparently the company has arranged for $8MM in loans to fund the various cash needs of the acquisitions (mainly from FES's 3.5 MM and FMW's 500,000). So CRNC has plans to use only about $5MM of the $8MM and will have access to extra cash if/when needed. Though the acquired companies have immediate cash needs, all are projected to profitable and accretive to CRNC's bottom line. CEO Quote (4/5/99): "Chronicle has been in talks with several qualified lenders and is about to announce a closing of a debt deal (non-equity) with two of them." There is more but the post is getting long so... I already have a substantial position, and may add more. I'd appreciate any feedback. SIW