THE NEW PNC TELECOM

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JakNife - Thu, 29 Dec 05 :

Hi gzf20c,

FYI - Last 6 weeks profit will be £338K. Not a bad increase!

You seem to be in the possession of price sensitive insider information. Do you want to report your contact directly to the FSA yourself or would you prefer me to do it for you? Which one of the directors are you saying is a criminal? I'm even more shocked that anyone would want to invest in a company like this if you're saying that the directors are criminals!


The 7th Duke of Corn,

The PNC Telecoms business has been sold. The facts are as simple as that. The business is no longer a subsidiary of this company. Pretending otherwise is deliberately misleading.

Your suggestion of a 5p share price is, once again, totally ludicrous. A 5p share price would mean a fully diluted equity market cap of £48m, there is absolultely nothing even remotely here that would faintly suggest that as a sensible price. The Sim4Travel business is a tinpot startup company operating in a low margin area, it's a late entrant to the business and there are no barriers of entry to stop other businesses starting up in competition and squeezing them. In that respect the economics of the business seem remarkably similar to Envesta Telecom which is now insolvent and suspended.

regards

JakNife




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