PistolPete, thanks for your posting #2443. I for one did not take your comments wrong. Everyone is entitled to they own opinion. In my opinion, all that you pointed out is correct.
I do want to expand on the concept of what has been talked about in regards to the term "Strategic Alliance". Maybe another way to put that term is to call it "Vital Association". You see FNTN could have chosen a different vendor for their Information Technology (IT) provider, because there are dozens and dozens of them. You see, very few are able to compare or compete on the same playing field as Siemens-Pyrmid. In the end their vital association with Siemens-Pyrmid as the IT provider for FNTN will be an excellent pick.
I am not in full agreement with the analogies you use to compare FNTN and Siemens (car wash and laundromat) but understand what you are saying.
You ask in your post, "If you missed DELL at $5 three or so years ago, would you have been that upset today to have gotten in at 7.50?" my answer most assuredly is no.
Dell is an excellent example of just what could happen to FNTN. The following is a very abbreviated overview of its trading history since 6/30/93 showing its trading prices every six months.
On Jun 30, 1993 it closed at $1.172
On Jan 31, 1994 it closed at $1.375
On Jun 30, 1994 it closed at $1.648
On Jan 31, 1995 it closed at $2.664
On Jun 30, 1995 it closed at $3.758
On Jan 31, 1996 it closed at $3.422
On Jun 28, 1996 it closed at $6.359
On Jan 31, 1997 it closed at $16.531
On Jun 30, 1997 it closed at $29.359
On Jan 31, 1998 it closed at $49.719
On Jun 19, 1998 it closed at $84.75
Additionally, there have been four 2:1 stock splits since 1995.
Assume you had bought only 1,000 shares on June 30, 1993 for 1,172 your investment would have been approximately $1,200. If you did not sell any of the shares and taking into consideration the stock splits, Dell would now have an investment value of approximately (if my figures are correct) $ 1,356,000.00 on 16,000 shares.
It took from June 30, 1993 until January 19, 1998 (just shy of 5 years) to where it is today. The net result is that if had bought it on June 30, 1993 and held until now you would have realized a 113,000% gain.
I am not try to say this will happen to FNTN only that anything and everything is possible including the possibility of nothing at all happening.
I am not a normally will not hype a stock, but I like what I see in FNTN. I know it is a gamble, but one I am will to take for the long term.
Again, thanks for your post,
Bill Fortune III
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