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Microcap & Penny Stocks : KANA - undiscovered Internet Company! -- Ignore unavailable to you. Want to Upgrade?

To: JC Reddy who wrote (249)7/6/1998 4:58:00 PM
From: Lance  Read Replies (1) | Respond to of 1268
Please be sure to keep us informed! I'm an eager shareholder & KANA doesn't look so hot in my portfolio. I'm long & look forward to the bright & prosperous future. The past month hasn't been so hot, but I'm looking forward to the upside potential of KANA. I'm holding tight and waiting until we fly!



To: JC Reddy who wrote (249)7/6/1998 7:40:00 PM
From: JC Reddy  Read Replies (2) | Respond to 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, I am
more assured now. I will hold onto KANA for a long time.