Martin, why did you take my last post as "flame bait". Why would posting the company's own words, verbatim, be cause for being flamed?
However, you are correct in the assumption that I thought the numbers were terrible. This company has hardly any sales, its old revenue sources are decreasing, and the new product has not generated sales. On top of that, they have issued new equity recently at unfavorable rates to the shareholders (shows the little value in this company, IMO), and this quarter, according to the CFO will look like last quarter (terrible).
This stock could be fun as a momentum play, but it is extremely risky since they have not proven their abiltiy to market the product, and they are losing money every quarter.
Also, I was disturbed that I recieved an e-mail "hyping" this stock. Has anyone else gotten one? The e-mail prompted me to look further.
If you play this stock, I strongly suggest you have a stop in at no higher than $ 4.00, but I'd probably sell if it fell under $ 5.50 or $ 6.00.
I plan to be adding the info I dig up on FTEL in my website, soon.
VALUESPEC
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