Malcolm -- this thread is filled, for the most part, with nice, optimistic people who intuitively feel FNTN will be a good performer, but can't put numbers to the feelings. I know because several told me this by private message in answer to my queries about the expected revenue ramp up for the company, as already announced by Mike Sheppard.
I'm a former Wall Street analyst (early retired with my feet up on the desk a couple of days a week trading stocks for a living) and jumped out of FNTN yesterday for a very handsome profit for two reasons -- 1) I suspected from the historical chart that the stock would pull back as it did and, since I trade in a tax deferred account, there was no tax "penalty" for me trying to play the pullback; and 2) I got uneasy with the lack of hard evidence on the thread.
Nevertheless, I bought shares again today once I did additional DD.
All the active SI threads start after the winter, but there's some revenue projections published by the company before that time that should be studied by people wondering where the stock is getting its energy.
For instance: January 14, 1998 (Business Wire)
<<Potential Annual Revenue Estimated at $60 Million
Financial Intranet Inc. (OTCBB: FNTN) announced today that the
company has signed a contract with Hill Publishing, publisher of
insurance trade magazines, to offer enhanced communication services to the publisher's 125,000 subscribers. The potential value
of the contract to Financial Intranet has been estimated at $60 million in revenue annually. Michael Sheppard, president and chief operating officer of Financial Intranet, said that it has been estimated by Richard Hill, president of Hill Publishing, that Financial Intranet could expect to initially sign up to about 20% of their agents/subscribers,
which would represent potential revenues to Financial Intranet of
about $5 million per month.>>
This amount is in addition, according to the release, to the $15 million FNTN said it would probably receive in revenues for 1998.
The article has several more juicy details which a number-cruncher like me would enjoy. The end result is that it convinced me to be a long again (even if occasionally I trade on all the factors listed in other posts of mine.)
The stock performed as I predicted/hoped today. Radim called a good base. This would not be a good time to be completely out of the shares.
;-)
Ariella |
