It's amazing how annoying you are. (I know, I know, name calling. At least I didn't say fly-spec by mistake.)
>I did not realize that FTEL was applying for full NASDAQ. I'll check into that.
My thoughts when you mentioned small cap listing "Where did you get this information? The psychic hotline?" Why didn't you call and check this out before 'waxing moronic'!
>1) Excessive CEO pay. AND 5) The CEO has a big stake in making FTEL sound great so his large holding in FNET will becomemuch more valuable if the IPO is successful. Not to mention all the money he's making on FTEL. >FNET will become much more valuable if the IPO is successful. Not to mention all the money he's making on FTEL.
My two cousins are both on the Forbes 400 list. They each have at least 20 million shares of a company they own. The stock originally opened at 3, is now 60 after splitting twice and their dad says "the stock will go to 100 because the 'boys' want it to". That a very strongly motivated 'want'.
Personally I like the idea that the CEO will benefit. Frank is a man of integrity, as you would know if you spoke with him, spoke with the people who work with him and visited the expanding facility in Westlake. In fact, if you really are interested you can visit in February for the annual meeting, or if it serves a person of your negative, gratuitously suspicious character, just call Helen and invite yourself any time.
>2) Hardly any revenues despite being in business for years.
Frank's company has an 18 year history, he is very busy recreating it to be appropriate for the times. His sales people are in the process of meeting with major Fortune 500 companies who contacted Ftel. Alan Londen of sales said he expects some major accounts to signed very shortly (Alan may have said in the next few days but I was distracted while speaking with him and may not have heard correctly). Evaluation units were sent out beginning at the end of November. It takes a while for a company to evaluate a unit, especially year end when the holidays intervene. Not only do they have to evaluate the hardware and software, they also have to prepare their business plan to see how to implement the new technology. Consequently, we still wait, but not much longer.
>3) Being a peanut compared to the elephants in the industry
Not many elephants in CT. None yet in fact that I know of. But FTEL is getting the reputation of having the best sound quality for their soon to be national telephony company.
>4) Disappointment in company which bought the $2.5 mil in product based on the company's press release- meaning that they have a reputation for hyping so what else is being hyped?
What should FTEL do. Ignore the 'little guys'. The press release could have said "We just made a $2.5 million sale but it reeally isn't important. Its with an nonentity!"
I guess 2.5 million is something for you to sneeze at, when your head as stuffy as you make it sound. I suppose the companies you invest in start with multimillion dollars, or is it billions in startup investment.
>Other points:
> a) The WCOM deal does not mean a whole lot because most hype stocks could have pointed to some big affiliation.
It's rough for a negative hypster when something good happens. Makes it more difficult to bad mouth the good news.
>b) Having "best" product endorsements doesn't mean a whole lot. It is worth a very small point, but not near as much as most would give it. I've seen RACE and AUGI both get the same designations. What did it mean? Both stocks ran up and then way down. Though both had the "best" products, neither could sell it.
You compare pigs ears with the silk purse.
>Does that mean that FTEL won't succeed? Absolutely not. Are you batting WAY against the odds? It would appear so.
Stop waffling. Although I guess it is consistent with how you do your investment web page. I quote: "Please note that for one reason or another, the Stock Libraries may not always contain accurate information. Glean from them what you may, but be aware that the
Library may contain inaccurate information, and/or only express opinions which may not be correct."
>However, I still doubt the tempest sales, etc., will ever materialize to a great degree.
Please present information upon which you are basing your 'prognostication' on. I would be glad to check with whoever you spoke with at Franklin to confirm your info.
I do appreciate your post though. It is fun replying.
Marvin |
