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Microcap & Penny Stocks : MXNT >> MaxNet Inc. >> Undiscovered Web Portal >> MXNT -- Ignore unavailable to you. Want to Upgrade?


To: Michael Graham who wrote (882)5/2/1999 2:41:00 PM
From: WallStreetTips  Read Replies (1) | Respond to of 1125
 
MXNT >>> I wrote this to CEO of MXNT

May be MXNT should follow steps of GNET (Go2net Inc). Go2net stock was $7 two years ago, slowly they kept adding small but nice web properties and today it has become almost Tier 1 Internet stock. GNET trades over $300 (Pre split).
Some of the GNET bought web properties:

Metacrawler
Playsite
Silicon Investor
100Hot
Hypermart
Haggle
usaonline

GNET now has Web Portal, Web Hosting, E-Commerce, Auctions etc. They have presence in pretty much all hot internet sectors. Now they need to acquire an ISP and it will make GNET - all in one Internet company.
GNET acquired above companies using currency of GNET stocks. They did not burn any cash and built great value for the company. They smartly bought small web companies mostly owned by less than 10 employees.
May be MXNT should consider that avenue, what you think?

Just my views.