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Microcap & Penny Stocks KANA - undiscovered Internet Company!

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To: MakeAFuss who wrote (226)	7/2/1998 10:55:00 AM
From: Andrew H	of 1268

>>.... Fidelity shorts BB stocks yea right!!! Also, Java Head, its totally illegal to short BB stocks... I don't care what rock you crawled out from under..Canadian brokers can't short BB stocks... Please let me know what firms your using to short BB stocks << Call 1 800 544 8666 and ask to speak to a shorting specialist--Fidelity will let you short BB stocks under $5 as long as they can find shares for you to borrow. There is nothing illegal about it--check it out. Listen, MakeAFuss and Coffee Pot--please take your discussion to PM or EM--and kindly spare the thread.

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To: Andrew H who wrote (232)	7/2/1998 11:20:00 AM
From: MakeAFuss	of 1268

I just checked with the "Shorting Specialist" at Fidelity and just as I thought, BB stocks are NOT marginable and hence they CAN'T be shorted!! So check the facts before you start telling people they can short BB stocks thru Fidelity... Kana finally looks like it's starting to recover but the bids are still pretty weak.

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To: MakeAFuss who wrote (233)	7/2/1998 11:40:00 AM
From: Andrew H	of 1268

MakeAFuss--It is true that BB stocks are not marginable to but for a long position, however they CAN be shorted. I suggest you call again and speak to the extension below at Fidelity. The information I gave is absolutely correct. It is true that you need considerable cash reserves to short BBs, but there is no problem in principle, doing it, as long as they can find the shares. The shares have to be held in a margin account in order to be shorted but that is another matter, since non-marginable stocks can be held in margin accounts. Furthermore I was just informed that you can use margin to short a BB stock at Fidelity. If a BB stock is selling for 9, they only require $3 in equity for maintenance to short it. Call the 1 800 number and ask to be transferred to Cary Lumkes at extension 7475 in Dallas.

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To: Andrew H who wrote (234)	7/2/1998 2:47:00 PM
From: Gator	of 1268

At these prices, two shares won't even buy you a KANA Beans. Update on Netbooks book selection count: Still 14. Gator

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To: lazarre who wrote (231)	7/2/1998 3:23:00 PM
From: Gator	of 1268

Here's the type of business people KANA's getting into bed with: sfgate.com The PR guy for KANA didn't know anything about the background of FutureNet. Makes me nervous when we know more about a company's business than they do. Hopefully, Futurenet (and KANA) have their problems behind them. We'll see. Gator

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To: Andrew H who wrote (216)	7/2/1998 5:27:00 PM
From: JC Reddy	of 1268

I just spoke to Prima Capital, IR firm for KANA. Didn't get to speak to anyone at KANA. Prima told me that the company did make a 504 placement for approximately 1.5 million shares to raise the capital of $1 million ($0.75/share). Some shares were sold above that and some were (are being) sold at lower levels. Prima says the sale is over and they raised the capital they needed. There are no more 504 placements. There is going to be a release explaining this early next week. This placement makes the outstanding shares 11.5 million and the float 4.5 million (previously 3 million). Prima thinks this is the bottom level we will see for KANA. The value has been diluted by the 504 offering and now it shoud turn around as the newly raised capital is used to expand the business. This is the info I got. Although it is common for BB companies, the company should have told investors about the coming 504 offering. Ones who got the shares at high prices suffer the most because of dilution, but hopefully the company will invest the new capital appropriately to raise the shareholder value. For new buyers, this might be an opportunity to buy in, although I don't know at what level this is going to bottom out (it has been around this level for a while now, so I believe it has bottomed out). When KANA calls me back, I am going to ask several questions including: (1) how they are going to use the new capital; (2) how much they are paying to Prima (stock or cash); (3) why they did not take credits for building the business instead of a 504 placement; (3) why they offered 504 without informing the investors (many BB companies do that, but I will ask anyway), and other "future prospects" questions. Overall, this is a good level to buy (watch it and see if it still goes down), but I think it was unfair for the investors who bought it at high levels > $1,$2 Decide for yourselves, call the company (800-831-2671) or Prima (800-600-8599). Also wait for the news next week. - JC

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To: JC Reddy who wrote (237)	7/2/1998 6:23:00 PM
From: Andrew H	of 1268

Thanks for the call and relaying the info. I hope these guys do a better job in their future financings. They certainly botched this one. From today it looks like there are still some cheap shares for sale. But most of the selling must be over. Hopefully the stock will begin to recover next week.

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To: Gator who wrote (236)	7/2/1998 7:13:00 PM
From: gammaray	of 1268

hi gator, I used to sell vitamins in a pyramiding type operation. Course the euphamistic terminology then was muli-level. You can read the Kana affiliation with Future in either of two ways. 1.) sinister plot at its very worst or 2.) a company that will hopefully sell product for Kana. I don't mean to oversimplify but the pyramiding scheme has nothing to do with Kana. You have to start at the bottom to get to the top. It certainly appears that Future has the distribution network to get some product moving for kana. I can tell you that top management is not drawing salary on a regular basis. This tells me of a strongly dedicated management that is hungry and is going to succeed. I'm looking ahead. Neil

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To: Gator who wrote (235)	7/2/1998 9:08:00 PM
From: lazarre	of 1268

I humbly disagree. A&P has a sale on their own brand ( 16 oz. ), 3/1.00. L

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To: gammaray who wrote (239)	7/5/1998 7:37:00 PM
From: KLAW97	of 1268

I bought a few shares last week. What is the status of KANA Has this stock found a base

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