FTEL IBD ADS, as well as a few other things:
The Investor's Business Daily ads will run in the Thursday or
Friday edition of IBD this week. Helen West asked me to send her
apologies for the delay of these ads for all of those concerned.
She was busy meeting a last minute deadline to get other ads for
the Dmark in 2 different computer catalogues: The Telecom Reseller
and The Mark. Missing the deadline for these ads would have meant
waiting another 3 months to get them in...hence, the delay in
the IBD ads.
They are still waiting on the final audit. The have received a
preliminary version of the audit and are hoping to get the final
one soon. Actually, they expected the final one last week.
I asked about bridge financing and was told that they expect that
the bridge financing will be finalized after the audit is done and
they become a reporting company. I believe the bridge financing
will come partially from the private placement of FNET and partially from a venture capitalist.
They are expecting an additional large order from one of the previously mentioned companies in the news releases and will release news when that happens.
One of the things that we should all keep in mind, regarding sales,
is the businesses that have been signed up to FNET. Most of these
businesses, on the average, require at least one T-1 line, possibly
multiple T-1 lines. In most cases, I believe, each T-1 line installed for a corporate customer will require a purchase of
a CSU/DSU and a channel bank (the DMARK). I have been told that
the number of corporate customers signed up to date can be measured
in hundreds. So, although everyone likes to see the big sales
to companies such as Revco, US Robotics, and Raytheon, we should
also keeping in mind that the coporate FNET accounts are also lining FTEL's pockets with DMARK sales, as well as other equipment
sales. |
