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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 11:00:00 AM
From: vic klimpl	Read Replies (1) of 609

expectations,expectations and time. Since I have been following this stock the most consistant thing I have noticed is that most investors expect things to happen much quicker than the ability of any company to deliver.Let me sight the notion of the ipo.When I initially invested in fnet in the spring of 97 the board was abuzz with the notion of a may/june ipo.I responded that this was ridiculous and nonsense.I the proported bull of ftel was speaking negatively. I reported that a close relative spent almost five years trying to ipo a company.To remind people we had to first get s1 fully reporting status on ftel first, develop a dvg with full network supervisory capability first. So here is the real skinny- We have fully reporting status We are weeks away from an initial rollout of the network with operating dvgs We need the following scenario to ipo Big investment within the next month or so to go from 12 pops to at least 100 pops pre ipo(IMHO)with large rev. generation(remember 500 pops is eventual goal) Then ipo.From my take the longer we wait to ipo and build up the network and revenue the higher the price of the ipo and less dilution of ftel ownership in fnet.This scenario will give me a time estimate of 1q 99.However there are other scenarios that could bring it forward into 3 or4 q 98 which to my way of thinking would be less favorable.And oh yes before an underwriter forks over 100-150mil bucks they would like to see a mini working network. only seems reasonable.

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