Fatt, in the excitement, I forgot to include the Revenue/Earnings information...
I confirm that Year 1999, ending in March, produced about $1.4 Million in Revenue and $3 Millions in losses. Bullsession, in June 99 had more than 4,700 Subscribers and at the end of September it should be just below the 6000 mark... They also have now more than 700,000 subscribers...
The CEO, B. Gunn said: "The audited financial results showed the Company achieved approximately 1.4 million in net revenues for its first full year of operations and produced a net loss of approximately 3.0 million. Gunn reported that the Fiscal 2000 first quarter ended June 30, 1999, would likely show net revenues approximating those realized during the entire twelve months of fiscal 1999.
If they do in the first Quarter 2000 the same revenue as the whole Year 1999, it means they're growing at a rate of 400%! The Herzog deal is what I was waiting for: it'll now be a fully fledged Financial site with its own brokerage... In addition, the fact that Telescan has invested $3 Millions for 600,000 shares at $5.00, makes me think a potential acquisition is on the horizon...
FRTI is very conservative and doesn't promote itself... Watch out when it gets discovered, as a Float smaller than 1 Million shares will cause a rapid run-up... IMO, $25.00 is the initial target, with $50.00 within one year, bearing in mind I am a biased long...
Regards, F. Goelo + + + |
