Bill,
With all due respect, although interesting, the questions you have posed have (IMO) very little impact on the future price of the stock or the future gross earnings of the company.
The answer to stock price and earnings can only be found in the "Business Plan" and that is a confidential document. Yes, MS will share the "Concept" of FNTN; however, the marketing plan, cash flow projections, and how the two interact will never be made public. And, to attempt to discuss a minor related subject to these is (IMO) an exercise in mental masturbation. What FNTN needs is VIAGRA!
Further, unless your questions are specifically directed towards institutional buyers, the answers provided by anyone who owns one thousand or ten thousand shares (0.009% to 0.09% of the 11 million float) has no impact on the stock price. As for the current TOMATO count of approximately 3 million shares, as it pertains to the SI thread, accounts for about 27.27% of the total float. And, it's quite evident that the majority of the SI members, who own FNTN, are in for the long hall.
Perhaps the information you are requesting has, relatively speaking, nothing to do with the "success of FNTN". The best web site in the world does not guarantee "success". The biggest misjustice to the business world is the old saying: "build a better mouse trap and the world will beat a path to your door". I don't care how good the "mouse trap" is, if there is not an excellent "marking plan" to be implemented, and "competent management with ample financial backing", the product or service being offered will simply be another flash in the pan.
Nevertheless, I'm still LONG on FNTN and planning on staying that way. IMO, it'll take about 9 months to see a stock price hit the 4 dollar range. I hope I'm wrong, but only time will tell.
As for the stock repurchase program I keep talking about, I would like to see an amendment to the FNTN Corporate Bylaws that states, until the current float is diminished by 50%, at least 50% of "retained earnings" will be applied towards the repurchase of stock. And, that no new stock will be issued for the use of acquiring additional businesses, fulfilling employee stock options, or any other reason until the stock price reaches a publicly recognized price of at least 15 dollars per share.
Jim Porter |
