Elk, as you know, I am up 100% on my SKYC holdings. Your comments on SKYC are almost as dreamy as your predicitons on FTEL.
Here are some facts to help you become more pragmatic with your investing:
<<The 10-Q results for the quarter ended March 31, 1998 were recently filed with the SEC. In summary, our sales were $325,000, with a net loss of $1,412,000.>>
How much is FTEL losing? Assuming that FTEL makes $ 50,000 net profit per quarter in Bosnia, how long will it be before they have to have another private placement, etc., before the funds run out to pay those significant salaries?
And while you're at it, what ever happened to the storm of sales? RB didn't answer, but maybe you will. Do you think FTEL had a storm of sales last quarter ended about June 30th?
I don't.
VALUESPEC |
