RNKE - Roanoke Technology Corp. (fka rnke)

[jmhollen]

Copied from RB:

By: olico $$$$
Reply To: None Saturday, 8 Sep 2001 at 2:03 PM EDT
Post # of 366


Think I found the problem, let me try to post the whole thing. Some foreign symbols were popping up on my cut/paste. Lets see if this works:

From my email:

1) Are there going to be more S-8 filings in the near future?

Answer: I have no plans for s-8 filings. I do however, have plans to reward key employees with stock that is restricted for 2 or more years.

2) As of June 19, 2001, the Company had 9,798,112 shares of Common Stock outstanding. What is the current O/S and estimated float?

Answer: I’m away from the office so can only estimate the #’s. 15.9 is the approximate issued with about 5.2 in the “public” float. The rest are controlled by me personally or someone close to the company.

3) What is the current cash on hand situation? Does the company require additional funding in the near future to continue operation?

Answer: Cash is, always has been, and probably will be for the next few months, tight . Since our inception we have only raised a little more than 200k . Everything we’ve done has been out of revenues.

4) Q1: NET INCOME (LOSS) was $(166,198) Q2: NET INCOME (LOSS) was $(898,479) including a con-cash stock compensation of $850,811 I assume the stock compensation is a onetime expense and if so, can shareholders expect positive cash flow in Q3 & Q4?

Answer: I must qualfy the following statement by saying it is wrong. Any #’s or predictions about #;s will always be wrong. When #’s hit the wall, they will be either higher or lower than the predictions. That said…here goes. A year ago our company was producing almost 2million in revenues, was housed in a 3000 square foot office, had 9 employees, and had 1 product (top-10). The choices were simple, grow or become stagnant. I chose to grow. We’ve spent almost every cent on more space, more people, more equipment, and more products. Although revenues have not grown (new products have just completed development and have not had time to make an impact) we are now in a 16,800 square foot space, have35 employees, and a war chest full of products. The most impressive product to date is RTCWebsite. The back end of the product allows us to address any vertical market we choose. I’d like to demo this for a few of you sometime next week. In short, the last year has been one of growth and preparing for the future. I do not anticipate positive cash flow until Q2 2002.

5) Does the company plan any further significant expenditure (cash flow affective) within the next 12 month? (Equipment, R&D, compensation, etc.)

Answer: Most of that is out of the way. The vast majority of our R&D, equipment purchase and infrastructure development has already been done. All we have to do now is execute.

6) The company operates 3-core business. What is the individual revenue stream percentage of each business itself? Top 10 = xx% of total revenue etc.

Answer: top-10 produces 99.9% of our revenue. Our other products are brand new and just off the drawing board.

7) How many employees total and how many in salesman?

Answer: 35total, 17 sales people, 5 programmers, 2 graphics people, 5 support people, 4 people for the RTCWebsite project and 1 brand new VP of Business Development. His name is Jack Webb. He brings lots of experience and very many relationships. I’m sure we’ll talk next week sometime….make sure Jack is in the conversation somewhere.

8) On April 12, 2001 the president of the Company received 5,200,000 shares. Are these restricted or unrestricted?

Answer: All are restricted.

9) Since June the traded volume has increased significantly. Any comments why?

Answer: Several reasons, a small part is because of increased awareness from the radio interviews and news paper articles. I believe the largest part is the realization of how powerful our new products are and the potential to make a national impact in several spaces.

10) On 08/08/01 the company hired two business consultants (S-8). Long term, is the company seeking to be acquired, or are your plans to remain a self operating entity?

Answer: I’m here for the duration. I started the business in a spare bedroom. The business was started here in the town my kids grew up in. Roanoke Rapids, NC is a very small place (16,000 population) and I feel a responsibility to the community. Also, an 11.6% unemployment rate and office space for approximately 23 cents a square foot per month makes it a nice place to run a business.I anticipate being here til retirement.

11) On 07/06/01 the company singed a contract with a promotion company (CG). Did the CEO give any of the 30 interviews already and when can we expect to see the further interviews / streaming media websites? What is the time-frame for the media campaign?

Answer: All interviews are complete. I do not anticipate doing anymore. I believe they are available at http://windowstowallstreet.com/index.php If they are not still on the website I’m sure Ms. Givens will make them available by request.

Well, that is all so far. I will submit any further questions you may have, or my astute friend Buzz may do the same. I feel a CEO with such a candid response to questions is rare in the OTC market, and many of you 'veterans' here know what I mean.

Best,

olico



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"..Have you hugged your Grandkiddies today.."??

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