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Microcap & Penny Stocks : Financial Intranet Inc. (OTC:BB:FNTN)
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To: sammaster who wrote (1536)5/6/1998 11:35:00 PM
From: Jim Porter  Read Replies (2) of 2897
 
sammaster and et al: I intend on holding FNTN for the long hall (over one year from today, at the very least). Nevertheless, when I hear comments about KTEL and comparing its current price to FNTN, it makes me wonder if some people took ECON 101 (the basic law of supply and demand). KTEL has a float of about 900K. FNTN has a float of about 11 million. The current Market Cap for KTEL is 254.03 million. The current Market Cap for FNTN is 11.34 million (14 million shares outstanding at todays price of 0.81). KTEL is trading at 82.1 times the value of FNTN. Why? (IMHO), KTEL has a product that will be sold like razor blades (the same customer will buy over and over and over) plus, how large is the market for CD's and what age group will be buying the product? (14 to 70 year olds and that a lot of people - just like Amazon.com.)

Yes, I agree, over a period of time, FNTN will hit the $5 mark and work its way up to even higher highes then its IPO price. However, you have to remember, for ever 12 shares of FNTN, there is only 1 share of KTEL. If you can get FNTN management to reduce the number of share currently identified as float (implement a stock repurchase plan), the price of the remaining shares will increase much faster. (Just my humble thoughts.)
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