|Modified | DDT |>| WED.MAY,990526,15:3-4 |||CoSy/Home ; CoSy/Current ?Wha?||© Coherent Systems Inc .|
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16:15| NYSBC(PSAX)9905 Harry`s @ HanoverSq . David Walsh Slide Show & additional info @ newmediatv.net This was essentially the first public presentation of the company anywhere . A videotape was made of meeting . [ It is interesting that the use and role of CoSy notetaking is changing with Web availability of presentation source material . ]
|16:49| PSA was old California airline , bought for .5B$ by US-Air . Name value in CA & LeftCoast : making E-commerce travel site . Only 1 site now where can buy tour : www.vacation-mall.com . Internet converging w cable television - streaming graphics to PC TV . Website looks like news studio . Walsh Family trust is largest share holder. .95 of tot PSAS - 300 poeple - 48 yr old airport svcs co . PSA internet - guy ex- [ sounded good ] PSAZZ.COM operating around sept . Acq : new media - mail CDs presenting ~ 35k tour brochures . PSAZZ Air - have cert to be Commercial airline . Subsidiary : AirshipResourcesCorp Mission : to be internet travel resource . vacationmall - 3x mkt cap of bunch of big names . Building studio for live news show . - anchor O-> & O+ . Celebs : eg : BrookeShields & Agassi . link to minicam @ events , eg Wimblton . DickWolf : See newmediatv.net Rev Sources : $827M in travel prods & svcs . Forrester proj : 8.9B$ in 2002 United sends e-mail notices of cheap seats to prefered customers . priceline.com 45M$ rev , lost 100M$ . hot I-net stock anyway . King working w Spielberg. Sponsorships : Rev Projections total speculation . Same w remaining projections | ' huge huge busn ' price BB 1.62 recent , tdy > 2 | float : 386K . Tot shares 23.1M . | mkt cap 37M. | E 1.62 x 386E3 23.1E6 |>| 625K 37.4M |
obviously a highly leveraged | 386E3 % 23.1E6 |>| 0.02 | market cap valuation based on very small float Did 50 -> 1 reverse split last yr . AirshipResourcesCorp : ARClaser - billboard writer . Satellite msg feed . project onto side of airship . Management - impressive sounding pedigrees . Ltrs of intent availible for inspection , W.Shatner did priceline ad for stock . LiamNielson , TonyCurtis - PR Blaine : MM`s last press agent . lovespa.com Reservation systems - sabre & apollo built American & United(?) DavidWalsh Just under 50 , ex-marine . ex navy inteligence - used to fly Ran Fin Co w Dillon Reade . We may have Silicon Alley , by they roaring ahead on Digital Coast . Price from 1.62 to 2.25 since in first few months .|17:15| Qs : Competition ? every : travelocity , Encarta -- see Yahoo ratings - very competent . wish they had specific Yahoo ref URL Engine building all ex carlson travel . MN Co : " 50 Below " web builders . combining a TV show w web . content is everything . 3kids . own .95 | getting 1M$ mezzinine , then looking for 6-7M$ . Looking to get some substance before - learned busn @ Dillon Reade .Day traders : BarbaraStrisand ! consultants on movie w BradPitt - w old PSA footage . Have no e-commerce rev now . 3M$ % yr rev on PSA airport svcs . Assumptions of projections on web . BobKing is newmedia . Creating cybertravel for the 21st Century . Prebooked - Presold charters cheapest - 2yr advance bookings . Can book tours cheaper than airfare .Cheapness selling point ? Yes but as info source . not to be cheap . plan to buy up tour Cos w HotStock . Tour Cos all making money . If get stock > 6$ , deal done on 1000 person co . Lots of Lawyers & Acntnts & auditors to pay . Naval Reserve inteligence bkgrnd :Sr O+ : Web not just young . seen Sr Citizen Ctrs sitting around on Web . May be yet another Hot Internet Play . Good concept , being professionally hyped , with lots of name dropping . Substantial efforts at Transparency . The availability of the web documents is impressive . Obviously BulletinBoard status with minisule float . No mention was made of the issues of pending litigation claims " alleging civil liability for various alleged securities law violations, fraud and breach of contract. " which appear to indicate - at least , failure of Due Diligence on the part current management ( Mr Walsh ) . Do Yours .