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Microcap & Penny Stocks : DCTC / FTEL / FNET

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To: Martin P. Smith who wrote (1430)	10/9/1996 11:41:00 PM
From: Doug Best	of 1624

Board: MONEY TALK Topic: THE MICROCAPITALISTS Subject: FTEL QUICK UPDATE To: ALL From: DOUGLAS BEST (ZFLH72F) Time: 10/09 11:20 PM As I indicated in my last update, the news regarding new board members came out today. Also, I spoke with Helen today. Here is a quick update: - There is a lot of activity on the financing front. She expects that there will be something done regarding bridge financing soon. Apparently, they have a LOT of options available, and are considering everything. Expect an underwriter fairly soon after bridge financing is done. - The long-awaited news item concerning a "big name" customer will probably not be out this week. Apparently, this customer has given a LARGE order for one of their products verbally, but FTEL is waiting for the purchase order before they announce anything. This order from this customer may apparently have other ramifications, other than just a large order for one of their products. I am guessing that this may evolve into some kind of alliance. Thats it for now! PRODIGY(R) interactive personal service - Date: 10/09 Time: 11:23 PM

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