Bill and Jeff,
I am in complete agreement with Jeff's post and, Bill, your support (thank you for being here).
However, I think one of the largest oversights the various people on SI have failed to notice in today's press release, is the fact that there is an official contact for Investor Relations.
In the press release, the IR firm is identified as McCap, Inc. and a contact of Harry McMillian. When I called their office (214) 999-0550, the phone was answered on the second ring - to me, this is very important.
Although Mr. McMillian was in a meeting, I was transferred to a young woman by the name of Leanne Siveres. Ms. Siveres was very pleasant and knowledgeable of the current situation, goals, and progress of FNTN.
I asked her about the mistaken price quote of $1.30. She told me that when she saw that, she was immediately on the phone to Business Wire. The only explanation she was able to offer, was that the PR had been prepared in advance and it slipped through whit out a second look - before being released.
Another good point of the press release, is the mention and identification of the Market Makers. Remember, one of the qualification for NASDAQ Smallcap is that there must be at least 4 market makers. Now, the world can see that FNTN has no worry about that.
I would strongly suggest that anyone with questions about FNTN call the IR firm.
I expect additional press releases in the near future and have confidence Smallcap status will be reached before the end of the second quarter of 1999.
Also, many people reply on Yahoo Financial for their source of information, when they are thinking about investing in a company. Because FNTN does not have a profile page on the Yahoo listing, this press release will give those people additional information they may have wanted but, until now, they had no source for it.
As of today, those people can simply go to Yahoo, enter FNTN, scroll down to the press releases and find the information they are looking for.
Best wishes and good investing to all.
..........-jp |
