Tom: (With more fresh news at end of post)
I have a strong opinion on the reason for stingy news.
It's three-fold.
1. Management reiterated to me that they will not put out news for news sake. In other words, unless it's important enough to warrant an announcement they will say nothing or post it on the internet site. Incidentally, the Atlanta show update was posted on the internet site because it was never a release in the first place. I have invested in companies that put out releases every 10 minutes and the stock still drops. I like this decision. We can expect meat with every word we do get.
2. They are still have 1 foot very much in the development stage. They have been making sales and they have been tweaking and adding to the product. Their decision is to release news of contracts with news of technology. Remember, although they have a hand in the technological development, FNTN's core business is the utilization of that technology. Their part of the show is just starting. Kevin Haggerty is FNTN's atomic bomb. He's still designing (redesigning) charts. Kevin has not been used in his most important role.
3. Financial Intranet is a tiny organization. They don't have the ability to crank out junk even if they wanted to. I have felt that skimping on personnel was a potential tactical error on mangement's part because in a growing business things can overwhelm you very quickly. To play Devil's Advocate, management has tried to stay lean and mean. They have been reluctant to increase overhead until absolutely necessary, which can mean well after the pressure hits. By that time, if things are happening fast enough, something or somebody or both have to suffer. Fortunately, management is addressing this issue (see at the end of this post).
As for non-movement of stock.. again multiple reasons, including:
Large private dumps at peaks, large drop in the general Market & larger drop in BBs, lack of company news, delays in implementation, yadda-yadda. If we accurately knew why any stock does anything we'd all be rich. Now that would never do, would it?
HERE'S THE NEWS (I'm starting to feel like their IR firm).
FNTN will be hiring a CFO, a Sales Manager and an IR person in the near future. The first 2 positions will dramatically free up Michael and Maura (Michael is currently President & CFO). The third hire will help feed us hungry stockholders.
Regards,
Wally |
