LURKERS' CORNER:
Sun comes up a little earlier in the Midwest!
I've had time to read, sleep and think about this. The shock is over,
I've resigned myself to reality. I'll have to keep working.
I remembered about another filing back a couple of weeks ago, that
8-A12G that becomes effective in 60 days (roughly 10/12). It has to do
with the offering of shares once the SB/2 is approved by the SEC.
October is the start of the 4th quarter, therefore 3rd quarter results
would be in. What is the impact on the share price offering if the
revenues of the 3rd quarter far exceed the 1st and 2nd quarters?
As you said, the restaurant business may not have begun to generate
revenues until the third quarter. Contracts are signed everyday but
their execution and commencement dates can be quite different and often
are. I see this all the time at work and in my husband's business.
There can be as much as 6 to 9 months, in some cases. If contracts are
signed in the 1st and 2nd quarter, but due to setup, client-specific
application design, delivery and customer training, revenues aren't
generated til the 3rd or 4th quarter. In a business where user-specific
application design is a marketing tool to sell the service and product,
this could be a revenue factor. Until the product and service is
delivered and proven, revenues aren't generated, especially with a
startup company.
They have to build a track record and it's going to take time. They
began to implement their business plan in 1997. It's only been two
years since inception to design, market and deliver. To me, this is
reasonable for the kind of service/product FNTN is marketing. Once the
right clients come on board, it's the type of business that could
snowball, especially if they cater to several user-specific
applications, such as education, franchised businesses, etc. As they
stated in their filing, this is the first year they have really been in
business (as per their business plan). I think we just jumped onboard a
little early.
I am pleased to see Don so composed. Do you think he's drugged?
Have a good day, Harry. I know I will.
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