KANA - undiscovered Internet Company! Message Board

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Microcap & Penny Stocks : KANA - undiscovered Internet Company!

KKRS 17.37

0.0%

Apr 25 9:30 AM EDT

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To: JC Reddy who wrote (249)	7/6/1998 7:40:00 PM
From: JC Reddy	Read Replies (2) of 1268

Alex Kanakaris (CEO of KANA) called me back today. He assured me that things are shaping up good and as planned. They are planning to make a press release by the end of the week addressing some questions concerning the 504 placement which partially contributed to the price drop in recent weeks. I believe it will include details as to how much capital was raised, how many shares were issued, and how they are using the capital, and so on. Another important thing - they expect to become blue-skied by next Monday in about 40 states (that allows brokers to recommend the stock, etc) - which I think is going to help the stock quite a bit. He also mentioned to me that there are some acquisitions under works which might happen sometime soon. I think all the 504 placement capital is going to be used for these acquisitions. After talking to Alex@KANA, Prima, and KeyTrade.com, I am more assured now. I will hold onto KANA for a long time.

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