But since FTEL is going to pop over $1.00 tomorrow...
what is your point?
Haven't you read we have IP Telephony revs coming in already in September?
ftel.com
And read Frank's message.
Also:
"Currently, we have operational nodes in the United Kingdom, Guatemala, and Bosnia, with El Salvador, Honduras, New Zealand, Australia, and Curacao coming on line within the next 60-120 days.
In addition, we have several contracts in final negotiations (Russia, S. Africa, Turkey, Lebanon, Syria,Italy, Philipines, China, Brazil), and hope to close these by the end of the year when our funding has been concluded."
That is three revenue steams in September, 5 additional streams in 1-4 months. And another nine more after that.
Meanwhile the September revenue from three countries will increase during these 1-4 months...
We're looking at a snowball rolling down the hill effect...
Bigger and Bigger as time rolls it on.
As revenues continue to pour in, the stock price will increase.
Since 8 countries will be pouring revs in by Feb 1999 ,
If FTEL issues a few more million shares at that time, it will be irrelevant.
I don't mind additional dilution ONLY IF revenues make up for that dilution.
For instance, lets say FTEL issues a private placement for restricted shares which come off restriction in the year 2000. So what?
By then, the number of countries FTEL hooks up will be staggering -so too will the revenues.
It takes money to make money.
I still continue to scratch my head that people continue to focus on a possible future dilution of 2-3 million shares... SO WHAT?
That's like ripping on AT&T/Sprint/MCI for issuing shares when it first started up to raise capital. Since the shares justified the means... the share price increased further and further and futher as AT&T and others diluted more and more and more.
Although I am sure there were people like you yelling at AT&T shareholders that AT&T would never be successful in installing telephones worldwide.
Those people were probably investing in "safe" telegraph companies at the time (who would buy the passing fad of a telephone?).
These brilliant men, no doubt, died pennyless, bitter, old men.
Ringing any bells?
-DavidCG
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