SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : FNet=Internatl Voice/Fax/Data&Video Services ViaInternet
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mitch Aunger who wrote (599)6/29/2000 3:23:00 PM
From: Bruce Hoyt  Read Replies (1) of 609
 
Indications from SHM yesterday for FNet IPO are not good. Farang posted, "FNET will NOT IPO until 6 to 9 months after build out the FNET Network which will require 50 Million dollars which they do not have." No need to add that nobody is going to give them 50 million bucks under the current circumstances.

It is looking more and more like the FNet spinoff and IPO is really off the table and they don't want to tell us. My opinion is that its time for them to be up front about it and reabsorb the FNet into Franklin Telecom and convert the FNet shares to FCM shares for the several million FNet shares outstanding in individual's hands. Its the right thing to do whether the new board or the soon to be old board does it.

Unless someone has a better idea it may be time to organize ourselves and put this or another proposal before the board as a group petition and proposal. While I am far from the largest FNet holder I am willing to help organize the individual holders and will put together an email list, many of which I have now.

Any comments from FNet holders on this?

Also, this would settle the issue for FCM holders (me included) on what their rights are concerning the FNet side of the business.

Bruce
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News