VERY BULLISH NEWS for FRTI: it has OVER 700,000 SUBSCRIBERS!
biz.yahoo.com
In making the announcement, David Brown, Telescan's Chairman and Chief
Executive Officer, said, "We are excited about offering proven streaming quote
technology from FreeRealTime.com to our customers at Wall Street City(R).
Equally exciting is the opportunity to co-market our advanced financial
products and sell advertising to FreeRealTime.com's registered list of over
700,000 members. We expect this relationship to generate millions of dollars
in revenue for Telescan over the next two years."
COMPARISON with EQUITY ALERT:
EINCE has about 41.4 Millions shares trading at $3.50, giving a Market Cap of about $150 Millions and 155,000 subscribers, which values each subscriber at about $1000 each....
FRTI has a Market Value of about $55 Millions at $8.00/share BUT has 700,000 SUBSCRIBERS!!! If we apply the same valuation per subscriber of $1000.00, we get a POTENTIAL MARKET CAP of $700,000,000!! This translates into about $100.00/share and CLEARLY SHOWS how UNDERVALUED FRTI appears to be...
CONCLUSION: Once the expected News are released concerning the 10SB, Financials and a potential tie-up with a Brokerage Facility, we could possibly see a share price move to the $25.00+ mark, bearing in mind I am a biased Long.... For reference, due to the tiny float of around 1 Million shares, in mid-January, the stock moved from $6 5/8 on a Friday to $20.00 the following Tuesday... I know, for I was along for the ride!... But FRTI has matured tremendously since, so I expect more from it this time around...
Regards, F. Goelo + + + |
