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Microcap & Penny Stocks : FNet=Internatl Voice/Fax/Data&Video Services ViaInternet
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To: Stephen B. Temple who wrote (232)5/11/1998 9:54:00 AM
From: Bruce Hoyt  Read Replies (1) of 609
 
Temp, you said, "There won't be a setback on the IPO of FNet", in response to George's comment on FNet needing to demonstrate its revenue generating capability. I have been thinking along the same lines as George on this and am curious what gives you the confidence that we won't have another IPO delay.

Its already about a year past initial projections and based on Tom's comments at the SHM I was then assuming a September 1998 worst case scenerio. More recent speculation based on rumored underwriter's feedback has been that now early 1999 is more likely, unless they have found a more open-minded underwriter.

My confidence in Frank and his new team is very high but with 60k shares of this puppy I am naturally REAL interested in any and all developments, clues or logic I have missed.

Thanks,
Bruce
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