Robert: I also have no understanding, I do however understand the meaning of our last leg of NASDAQ listing when we are close to an IPO for FNet sometime early next year.
I know we could debate all day the importance of making NAZ before our time is up this go around. I hate seeing us spend another 90k or so next year.
I ponder over these things daily>
If we don't make NASDAQ before August, what might be the affect on Investors?
1. Investors saying "FTel company is not strong enough to launch an IPO and sustain a fair market price, since they can't even stay above $ 4.00 for NAZ.
2. If FTel had intentions of getting NASDAQ, why did insiders sell, and why are they still showing a 144 on the books as open?
3. Investor confidence eroding when envisioning how equity partners see FTel a BB company trying to bring a "wanna-be" IPO into full NASDAQ listing?
4. As an investor, why should I have confidence in the management of FTel, when there may be stipulations with underwriters in that bringing FNet public means that FTel needs to be>
a. listed? b. above 5? c. not to miss the first NASDAQ listing or further delays in nasdaq for FNet may follow. , etc.?
5. If Investor confidence is eroding in FTel, how will I expect the FNet PP Investor to hold long term, knowing Investor confidence in FTel is minimal?
Investors at this time do not feel comfortable WITH>
1 . Insiders selling
2. Why are they using 144's when the stock is down, investor confidence is at its lowest point?
3. Value in company "where are equity partners?
4. Big name alliances have not been announced like most other Telephony Companies.
5. No large sales for the "Tempest" that will bring in large revenues.
6. No "confidence building" large acquisitions.
7. Promises have not come through in the past as stated on ftel.com under exec's.
Number 1 priority for NAZ listing is "Investor confidence".
So how do we> get renewed investor attention. Then after their attention, how do we get the stock up past 4 bucks "holding" before the August date?
This should be at least one of there biggest projects!
I understand that getting the Switch turned on is priority, getting Dvg's in place is priority, international alliances acquisitions is also important. BUT!!!
Without a confidence driven stock price, your achievements will be minimal. If the IPO banking does not have confidence in the "mother" company holding its stock price? Then how can trust be gained in determining FNet will not do the same and fall below opening levels? Remember 70% of FNet is owned by FTel. Apart yes, but still the same management links.
So I go over and over in my mind what will the scenario be if NASDAQ fails in August since you mentioned that FNet might IPO in March of 99.
Reapplying for Naz will cost ?
What will Underwriters be saying to themselves if FTel does not make this date for Naz?
How will the IPO of FNet, effect stock price of FTel is FTel is not listed and vise versa?
Equity partners investing into FNet, will they feel that FTel (the parent company) at $ 2.50 may bog down the Investor confidence of FNet?
How will FTel a BB Stock when FNet is public affect FNet with shareholders of both?
Investor confidence, investor confidence, investor confidence. " " ": " " ":
At this time, IMHO, FTel or FNet could release news about> 10 other Liberty One's, LDNets, IDM companies and not get the attention of Investors!
With a bulletin board company only a limited amount play them, our cards have been completely shuffled in this regards.
If you think FTel should be $20.00 when FNet is $ 12.00, then the short-term solution that will ultimately turn into a long term solution is as follows, In My Opinion!
1. Restrict all insider sells for FTel 1 year until after the IPO of FNet.
2. News Release something like this>
Franklin's 1 for 10 ='s Investor Confidence
We have noted that our long term Investors of Franklin Telecom see a bright future in their investment. To reward our long term Investors of Franklin Telecom, BB (FTEL), our board of directors have decided to have the "value of Fnet" turn into actual shares of FNet.
With a unanimous vote from our FNet shareholders, we have concluded that anyone not owning FNet at this time, but owns shares of FTel on or before August 1st, 1998 will receive (1) share of FNet for every (10) shares of FTel with a 1 year minimual restriction.
Franklin Telecom's Chairman/CEO Frank Peters, summed it up like this;
Before the IPO of Fnet which will launch our companies into a full service, hardware developing entities. Franklin needs not only build investor confidence, but also allow new investors a chance for FNet leading up to the IPO. Its the Market Value, Investor Confidence, Equity Funding we are seeking leading up to the IPO of FNet. This market value will not only help our cause, but reflect our wishes in that Investor confidence is our utmost concern.
A Concerned shareholder expressed: "If it takes shareholders of FTel that already own FNet to vote "NO" that they will sustain from picking up any more shares of FNet? You have our vote as a group < 420,000 shares of FNet>, we truly believe the interest lies with both companies but the excitement seems to reflect the younger more energetic subsidiary.
End
I hope FTel has a huge release before the NASDAQ date that will catapult us past $ 4.00, but like I said, Investor Confidence is low, and you don't get that many chance's with a Bulletin Board Company.
This close to the IPO of FNet and miss NASDAQ listing? It scares the hell out of me to no end.
If I were to play this effort, it would read like this>
News release of " No insiders selling for 1 year after IPO of FNet", then the news of "1 for 10 shares ='s Investors Confidence", 24 hours later.
All before the last day of July with 30 days for Investors to get in.
This may be old hat, but at $ 2.50 and dropping with less than two months left, I hope that rabbit trick works!!
The crazy thing is that we all know and understand the price does not
reflect the company. If naysayers think EPS or huge revenue growth by
the quarters reflects the long term outlook on the unique sector. Thats just not true.
I can show you dozens of companies in the +40 dollar range that have negative earnings, but investors understand the potential.
Its just a shame that "Investor Confidence" has eroded to these levels.
In no way to I mean this is a last ditch effort. Its not, but with the overall picture of Investors, EP's, IPO coming soon, making NAZDAQ Small cap, all within a few months weights heavily on us all.
Come up with another suggestion, anything I say here is not going anywhere anyway. ggg
sTempy |
