Re: UKNM: QXL

[Ray Taylor]

Tim Dunton <

timglobalgold [dot] co [dot] uk

> said:



>Surely, if this company is about to float they would get their web

>site sorted out first? Has anyone else had any similar problems with

>QXL?


When QXL floats they will find that web site failings will be the least of

their worries.


The next round of flotations will be notable for their poor peformance.

Freeserve suffered, and QXL will suffer, through lack of sufficient

intrinsic value as against high costs and losses.


The UK equities markets are not the same as those in the US where you have

such a vast number of uneducated retail investors that shortage of stock

alone provides sufficient momentum to any internet-related investment (as it

did for the first few weeks of Freeserve's public life).


Don't get me wrong, I think what QXL has done is wonderful. But hopefully

their experience and that of Freeserve will help to bring investment

expectations back down to Earth.


A case of too much sizzle, not enough sausage.


Ray Taylor

www.eyeconomy.com

eyeconomy - the first and foremost uk interactive advertising agency 

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