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.

Technology Stocks : Log On America, Inc. LOAX -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (77)	4/26/1999 8:20:00 AM
From: hcm1943	Read Replies (1) \| Respond to of 353

beautiful Glenn, just beautiful. You can't agrue his logic so you shoot at him. Even if he is an employee of LOAX he is stating facts. Why do you think this company spiked to 35-37 from 10? Do you consider all who are buying uninformed or stupid.? How would you rate EBAY or The Globe when they went public. As for Dirks being a 16th tier company I suggest you do some homework on the man ( Ray Dirks) not the company. And as for reporters... most are incompotant and should not be permitted to write about financial matters without first disclosing their background to do so.

To: Glenn Petersen who wrote (77)	4/26/1999 1:31:00 PM
From: Sammy Adams	Read Replies (1) \| Respond to of 353

Form 424B1 for LOG ON AMERICA INC filed on Apr 23 1999 edgar-online.com I think I will start posting my favorite tidbits from the following: Risk Factors...................................................................6 We have incurred net losses since our inception and anticipate continuing losses.........................................................6 We have a short operating history upon which to judge our prospects..........6 We require substantial funds and may need to raise additional capital in the future............................................................6 We are dependent upon continued growth in the use of the Internet...........6 We depend on the continued development and reliability of the Internet infrastructure............................................................6 We depend on our computer infrastructure and will be adversely affected by any failure or damage to our systems...................................7 Our services are susceptible to disruptive problems..........................7 We may be held liable for online content provided by third parties...........7 Internet security concerns could hinder e-commerce and the damand for our products and services.....................................................7 We need to manage our growth effectively.....................................7 If we do not continually upgrade technology, we may not be able to compete in our industry...................................................8 If we do not effectively develop our early stage products and technology, our business may be negatively effected...................................8 If we do not develop a sufficient sales and marketing force, we may not be able to generate significant revenues or become profitable.............8 Government regulation and legal uncertainties could add additional costs to doing business on the Internet...................................8 Our management has broad discretion over the use of proceeds raised in this offering..........................................................8 Our representative's lack of experience may impair our ability to develop a public market for our securities and/or maintain our Nasdaq listing........................................................9 We face significant competition from Internet and telephone service providers and others..............................................9 The representative and the underwriters will continue to have influence over us following the completion of this offering...............9 Our operations depend on our ability to maintain favorable relationships with third party suppliers..................................9 The loss of our chief executive officer, David Paolo, may hurt our chances for success......................................................10 Our management has substantial control over us and investors in this offering may have no effective voice in our management..............10 The price investors pay for their shares is higher than the per share value of our net assets and is also higher than the price paid by our founders and prior investors.......................10 Unless a public market develops for our securities, you may not be able to sell your shares..........................................10 Shares eligible for public sale after this offering could adversely affect our stock price.........................................10 Failure of computer systems and software products to be Year 2000 compliant could negatively impair our business...........................11

To: Glenn Petersen who wrote (77)	4/28/1999 9:06:00 PM
From: Sammy Adams	Read Replies (1) \| Respond to of 353

LOAX closes @ 31, down 5.3% ; since it will soon be shortable in the U.S. its a good time for IPOers to sell off those 100 share lots and collect their profits before they disappear (or cut your losses if you bought high). From todays News Release: PROVIDENCE, R.I.--(BUSINESS WIRE)--April 28, 1999--Log On America, Inc. (NASDAQ:LOAX - news) announced today that Dirks & Company, Inc., the representative of the underwriter's of the Company's recent initial public offering, exercised its over-allotment option to purchase an additional 330,000 shares of common stock. Gross proceeds from the exercise of the over-allotment option raised an additional $3.3 million, bringing the total amount raised to $25.3 million. ----------------------------------------