To: Big K who wrote (1256 ) 4/28/1999 12:43:00 PM From: ysell Respond to of 3896
In my view it is a long-term play. This Company has tremendous prospects: - It has engaged a US law firm (the name is available at the MCF web site) to assist with its 20F application to trade on Nasdaq. Having watched Bii, we all know that this thing must trade above $5 (US) for 30 days in order to trade on the Nasdaq National Market - It will be reporting earnings in the very near future. Management has indicated that they will meet or exceed projections, with a growing proportion of its revenues derived from its internet business - It has a blue-chip client basis that includes the likes of Sony, Ford and the National Bank, among others - It has diverse revenue streams - Revenue are growing steadily, while significant steps have been taken to reduce expenses - The company is being promoted by Taurus and like him or not, Adam Adamou is a fan and receives a decent amount of press - The float is not too large, which was viewed as a major flaw with the Bii model - The company has issued a number of news releases recently, particularly regarding its CALMS software which allows for on-line credit, leasing, etc. National Bank and an unnamed U.S. bank have recently contracted to acquire/use this technology. - The Company was selected by Microsoft as one of 25 leading e-commerce companies. It is a Microsoft Certified Solution Provider and was invited to participate as a member of the Microsoft Commerce Partner Advisory Counsel. IMO the business model is excellent and certainly better than Bii. With the Nasdaq process now in its initial stages, its an good time to jump on board. This thing will receive alot of press over the next several months, via Adamou and management. They appear to know how to keep it in the press. Crux: I like the company alot. I am not predicting a price target, because if Bii can hit $30, who knows what this is worth. Simply, its a better company, with a sustainable business plan: growing revenues, blue chip clients, excellent promotions, etc.