I am not a doomsdayer or basher in regards to FTEL. I am not predicting whether FTEL will be successful or not. However, unlike a number of the boosters, I don't care if it becomes a successful company in the long term or not. All I care about is the short term share price. Let me remind you that EVERY SINGLE HOLDER OF THIS STOCK that purchased since mid January is SITTING ON A LOSS on those shares. And as long as there are more shares being sold than bought the price will continue to go down.
I see posts calling those who don't want to see their profits disappear or see their losses get bigger called panic sellers. And yet, not one post calling those who were enticed to buy at over $5.00 per share panic buyers.
The reason IMHO that this stock will approach the warrant price of $1.35 as the S1 approaches completion is because of the number of market makers listed as sellers. Please remember that the market makers can legally sell the stock short now, and then cover those shorts with shares they purchase through the warrants. This is a no risk proposition for them.
Since you asked about my projection as far as the success of FTEL in a year from now I will respond. Maybe they will be very successful, but IMHO there should be concern about the apparent "Jack of All Trades" attitude of this company's management. Is this company in Hardware? Software? Is it a Land based ISP? A Satellite Company? Is it a Flat Rate ISP? Is it a 800 ISP? All of these different areas and still they have yet to provide any financial reports showing substantial growth or any profits. If they haven't been able to successfully pull off any one of these areas, how are they going to rally the resources and management to do all of them simultaneously?
As everyone waits anxiously for the report from today's pilgrimage, I remind you that those who bought based on his information when the stock was as $5.50 have now lost 59% of their money, those who bought based on his information when the stock was $5.00 have now lost 55% of their money, those who bought on his information when the stock was at $4.50 have now lost 50% of their money, those who bought on his information when the stock was at $4.00 have now lost 43% of their money, those who bought on his information when the stock was at $3.50 have now lost 28% of their money and those who bought on his information when the stock was at $3.00 have now lost 25% of their money. And again EVERY SHAREHOLDER WHO HAS BOUGHT BASED ON HIS INFORMATION SINCE MID JANUARY IS NOW LOSING MONEY.
If there was real and substantive information available it would be released to the public, not leaked by a messenger to an Internet bulletin board. |
