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To: jwk who wrote (17097)	4/25/1999 1:31:00 AM
From: VIPER85730	Respond to of 40688

Buche', >I believe the 144 shares which hit the market were either those given to venture capitalists who helped fund the intial stages of development and/or private placement shares which were given as payment for services rendered in the development process.< I see that JWK and others have already provided you with your answer. The only thing that I can add is that it's not uncommon AT ALL for a start-up company to pay some of their bills with stock. I see it all the time. Anyone can feel free to correct me if wrong, but these people are not REALLY insiders. They have gotten paid for a service or an investment in stock instead of cash. (usually at a discount). The catch for them is that they have to hold the stock for a set period of time, (which we don't), and #2, they have to register their shares (144) in order to sell them, (which we don't, either). Keeping the above in mind, the laws are set up to protect the individual investor. While some people on this thread think that they're the longest of the longs, these people may be a bit longer and they deserve their right to sell. (Maybe that's what happened last week). On the other hand, maybe some of them sold some and held some. The important thing is that the TRUE insiders in the company are showing a strong commitment, and I'm looking forward to seeing the "Press Release" confirming this. Luck to All, VIPER-------<

To: jwk who wrote (17097)	4/25/1999 6:41:00 PM
From: Victor Lazlo	Read Replies (1) \| Respond to of 40688

jwk and all- re the 144 issue, and how much pnlk might be worth now as an ipo, we need to realize that to go through the venture capital route and then to ipo, a lot of control over a co and its direction, vision, strategy, etc., are often lost to the venture folks. Venture capital firms usually get to appoint a board member or two and help call the shots. In some cases they even select the ceo. So by seeking out venture capital, the usual path to a traditional mainstream IPO with the major brokerage houses, the principles of PNLK might have had to give up 40%, 50% or even more of the equity of the co to others early on. And if this had occurred, pnlk would be a different co., and I am doubtful that many if any of us would be here and in on the ground floor of such a great opportunity as pnlk stock. Just my opinion. Victor