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Microcap & Penny Stocks : FNet=Internatl Voice/Fax/Data&Video Services ViaInternet
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To: george willse who wrote (298)6/6/1998 10:33:00 AM
From: Bruce Hoyt  Read Replies (1) of 609
 
George, under your scenerio then I see FNet being rolled out hard and fast, with emphasis on the international deployment for significant initial revenue streams to keep up with high short term debt payments. Of course they would only need to borrow and make payments on the debt incrementally, as it would take at least a year to complete.

With FNet expansion fully financed for the first 250 cities or so then the only purposes of an IPO become to 1.Pay off the expensive short term debt & 2.Provide some liquidity for the shareholders.

Then there's the other possibility of being bought out instead of an IPO after establishing FNet as a legitimate competitor. I would not assume that we will reach that stage until early next year. Depending on the terms of a buyout (restricted stock possible), it looks like Maui is postponed until early 2000 (1 year hold after IPO).

Just doing some Saturday morning speculation with your scenerio but its all based on those bankers finishing the credit checks and passing out the moulah. Hope Frank was never 60 days late on his Sears Card<GGG>.

Or we could IPO now with a visionary investment banker with major cahones.

Bruce de can still retire by 50 guy
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