Well ELK I assumed FTEL knew that they would get the Provisional if they provided proper and inclusive evidence of what the company was worth and its debt plans.If I can recall NASDAQ asked for more info on more then one occasion,possibly 3.
Again I refer to the above,almost any company that is straight andis a well managed company whether profitable or not gets provisional,that just means that they will be looking at you.
Big Blocks,To me that means 100 to 250 k shares,,OK
Considering we have out about 17 million shares but please don't quote me as I don't know what has been dispensed recently.
I may be wrong but I believe that the only time we have been over 4 was when we got really pumped up on the wcom news,And or as a direct result.
It has been quite a while since the meyerson conversions,we have continued to sink,although the industry recently has not exactly been of fire like last summer and late fall,but I would have expected that the news that we have the needed resources to inplemnent the FNET network plus several other related product announcements would have at least supported the stock and interest in the company and would have rebounded if not grown out of the old and into the new a little more robustly.
I am some what confused also,I hold this stock to make money any money......I am not in at 25 cents or 50 or a buck,If we can not gain enough momentum on what we have seen then the only chance we have is a hope that somewhere in the 4 th qtr we may see revenues from FNET increase enough to make FTEL book worth more thus an increase but I doubt it.NSCP,VOCLF and several others have pocketed several million from big dogs and the book/val means squat.
I have no inclination to put a date on june 30 or sept 30 or for that matter even believing a nasdaq listing would help at this point.While I hold hope that a listing will expose us to bigger pockets,it will take more then what we have to pull in more then just a few hundred thousand share buys.
As far as dilution ELK I am as anti dilution as a person can be.And I love it.I make more bucks on votile thin and Gusty stocks then even the millions that get traded on CPQ and MSFT.While there are two sides of the camp,And I believe in both of them,There is certainly a profile that fits every company the best.THe amount of stock that FTEL and FNET has out now is a result of past sizing and funding problems.The street has thus been very forgiving and will likely support the stock to at least 2.25.We need cash and we need to build product,While you believe a buyback would take capital out of the company,The valuation would increase?????Maybe ????Thus what is more important getting over 4 for 10 days so we can IPO or dilutive actions and effects that go on and on and on.IN any event I don't believe we can have a Sucessful IPO till we get Listed and we won't get listed till we are not just at 4 but permantly over 5 and heading to well who knows.And while I may not exactly sound like Id marry Franks Daughter,I have a very deep interest in the well being of this company and the protection of a certain number of investments. |
