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Technology Stocks : FirstWave Technologies (FSTW)
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To: Mike M who wrote (2395)2/13/2001 9:31:30 AM
From: Oeconomicus  Read Replies (2) of 9677
 
Hmmmmmm... Hmmmmmm???

Well, listened to the call and, frankly, got little out of it. No comments, other than a short comment that one had been completed in November, about the preferred stock placement (I went back and looked for any news or filings to indicate that the preferred deal was done and find nothing). No further explanation of Brock's loan (i.e. terms other than maturity like rate, collateral) or the Silicon Valley Bank line of credit (the old one was secured by cash equivalents, so served absolutely no purpose, IMO). Most significantly, no guidance as to future revenue growth or time to breakeven. In short, I found nothing in this call to give me reason to buy more of this stock and now have to decide whether to give them one more quarter to come up with a compelling story.

Regards,
Bob
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