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Microcap & Penny Stocks : FNet=Internatl Voice/Fax/Data&Video Services ViaInternet

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To: vic klimpl who wrote (236)	5/12/1998 8:46:00 PM
From: george willse	Read Replies (1) of 609

Vic - You said "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 porported bull of ftel was speaking negatively." ======= I believe the reason many of us were talking the may/june time frame is because this is what the company was espousing. IMO, I think they (and obviously a few of us) thought they could pull it off. Then we heard October. Then we had other slips... At this point, the IPO date (late q4/98 or early q1/99) depends on how FNET executes in their initial installation, the revenues generated early on, and striking the right investment banking agreement. If the early implementation is a success, I with you on the fact that this will provide a strong price for the IPO. Cheers, George

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