HARRY'S Answers and FAQ with # 12 updated with new Links:
Here is a history of my decision to buy and hold this stock:
1. June 12, 1997 Standard and Poor (Comstock )agreement
205.185.55.112
2. Juy 15,1997
Initial Announcement with Projections of the time with Risk Warnings:
205.185.55.112
3. Aug 26, 1997 Siemens Pyramid announces its selection by Financial Intranet for
Product development. Product was delayed creating risky buying opportunities in
the $0.25 area as a result of a combination of engineering and system design and
changes (like any major techinical product). The company maintained a spartan
office in NY during this phase.
205.185.55.112
or if you prefer Siemens Archives for the same news:
siemens-pyramid.com
4. The first sign that the company had survived a gruelling development cycle and
may open its doors soon. ( I know about increasing number of shares but this
technology does not come cheap and the low share price would mean more stock
to pay for Siemens Engineers and Management of the Project - suggest you buy
Siemens Stock for Safety)
205.185.55.112
Wait begins for the Web Site to really prove it was not a scam
Finally it surfaced in July 1998:
fntn.com
5. Conversations with Independent Insurance Brokers that a need exists for a
product of the kind FNTN was building - Bringing a vast array of information to
their desk top in a comparative format.
Reasons to continue holding the stock:
6. I personally like the management and the spartan work force.
They dont call me unless I call them and leave a question or two for answers.
7. I have been an engineer and a project manager with Helett-Packard and know
that delays can crop up from unforeseen quarters even with a well managed and
financed and defined project. Hewlett-packard's Risk Machine Architecture
project was delayed several years inspite of the company putting a huge chunk of
its available resources on it.
8. Big Boys are always there and they were there when Cisco sytems, LSI logic,
Yahoo, AOL and Amazon were launched.
And now to frequently asked questions:
9. Why the management keeps printing shares?
a. Thank god they are not printing money. That would worry me. For the rest just
look at the share price range 0.13 to 1.90 (longest period between 0.25 and 0.60)
for the most part and intraday high of $2.25. You can figure out why they would
need new shares to pay Siemens, Worldcom and S&P and at least some salaries. I
do admit, in the lack of financials I cant judge it to the tee but I am glad they dont
call me every time they make a decision. That is why they are getting paid their
salaries
10. It is a Nevada Corporation so could it be a scam?
Yes of course it could . You be the judge. Move on. I have been following this
company too closely. I have even checked out their FCC licenses before they even
had a web-site.
11. Why are you protecting this stock from attackers on the internet?
Because I dont want to get scammed by the attackers. I do have better things to do
with my time. But the lives of many people, their marriages, their children depend
on finances. I dont want them to suffer because of somebody's eloquent nature.
English is not my native language but working hard is my trait.
12. Lurkers Corner is inaccurate.
It is as accurate as the numbers reported to me. Yes it is not the official record of
owners. Take it for what it is worth or leave it entirely. Send SEC after me and I
will show them the transmitted records (electronic and printed for safety) on
which it is based and they can go after the folks who wrote (anybody wants to
correct their record, just e-mail me and I will increase or reduce the count as
needed). Subtractions are always handled as needed. Examples follow:
subtracted 43,000
Message 5562528
subtracted 5,000
Message 5553131
Not even adding 500,000 shares or part thereof because the msg is
unclear about how many to add:
Message 5522579
subtracted 2,000 in this Lurkers corner
Message 5494781
subtracting 3000
Message 5463040
subtracting 30,000
Message 5344287
13. Why are the Insiders Filing Form 144 - intent to sell?
Because it is required by law. It is extremely small portion of the Outstanding
shares. And a miniscule portion of their undisclosed holdings I believe. All filings
expire in 90 days.
Message 5622646
14. Anyone can replicate their offering in 2 weeks!
I am not against competition.
15. In this age of Open systems why does FNTN have a proprietary system?
It is just like Microsoft has an open system architecture but is a proprietary
product
of Microsoft. The question is not a correct question IMO. FNTN owns the product
making it proprietary. Knowing Siemens they must have used Open System
approach to their hardware and software (it is pretty obvious too) so different
enhancements can be plugged into the system.
16. Is FNTN a phone company in the traditional sense of having transmission
wires, underground cables etc:
Far from it. It is franchised to re-sell long distance phone service like phone
cards.
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