Folks, This says it all!!!
The Financial Plan has expanded to 4 steps:
1.Raise $2,000,000 via a Private Placement of FNet shares at $1.00 per share to finish the design and acquire certain software assets to complete the Franklin Data Voice Server (DVS). Finished April,1997.
2.File an S-1 Registration Statement with the SEC to register
warrants for FTEL Stock granted in 1995. This should raise $2.5
Million - non dilutive. Finished Nov. 13, 1997.
3.Raise $7,000,000 in up to 3 steps to facilite through a private
placement of FTEL stock for production of the Data Voice Server.
Finished Nov. 1997.
4.Raise $100,000,000 via a public offering of FNet at a pricing range
of $10 to $15 per share to grow the operation and deploy the FDVS in 25+ countries. In Preparation.
Now I'll try my hand at some math, so I know you'll watch me close.
10M raised for production of Tempests. 70-80% profit margin(if I remember some of those past posts correctly, but please correct me if I'm wrong). Using a median 75%, thats 40M in revenue. After tax, etc.,
somewhere around 20M profit, with a outstanding float under 18M shares. Looks like over a buck a share profit to me, but I'm no math wiz!<GGGGGGGGGGGG>
Evan
Evan |
