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Microcap & Penny Stocks : KANA - undiscovered Internet Company!

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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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