FlyerTalk Forums - View Single Post - future of ClickRewards?
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Old Apr 4, 2001 | 8:47 pm
  #22  
Randy Petersen
Founder of FlyerTalk
 
Join Date: May 1998
Location: Colorado Springs, CO
Posts: 6,540
Yes, it's been a very, very rough ride for this company. 75 cents a share is too cruel considering they were at one point very close to $100 per share. Will they make it? I truly believe they will, though probably not as an independent company. I think they are a current takeover target and just today loaded up on a bunch of new shares at .75 cents. Now, I've had my share of stock losses, so don't follow me to E*Trade to earn miles and more, but i think time will tell that something has to happen pretty soon. Because of their asset base it's unlikely they face delisting, but if only they get back to $1.50 i will have doubled my money and I will be very happy by then. As for the inventory of mileage balance. I, like others have plenty in there, some 175,000 ClickMiles (as a point of trivia, do you know that they acquired that trademark (ClickMiles) from me? Yep, I owned it at one time for use on WebFlyer). But because of the airline equity in the company, I think I'm protected and am not ready just yet to commit on how i like my miles. I view them like Membership Rewards and like the flexibility - so I'm holding them because as of yet, I don't think I need to fold them.

P.S. a note to the executives of Netcentives - please don't embarass me in front of my fellow flyers, please keep this company solvent.
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