NYBB; I think there are better ways to get on the NASDAQ than a "smoke and mirrors" tactic. There's nothing wrong with buying another listed company, but why?
If FNTN can deliver what they say they have, the listing should not be a problem. The revenues generated should be enough to give them the $4/share price necessary. If not, there are other systemic problems that cannot be addressed simply by buying their way in.
I don't want the dilution from an acquisition, a stock split, or any other finagling. This issue has been "diluted" enough by market forces, unduly slow progress, and no client/revenue data so far. The last 2 issues are problems that can be addressed by the present personnel (with additional hires, IMO), and FNTN has not traded with the market, anyway. When things are good, especially in the tech/internet sector, we've had very minor bumps up; when the market, and its sector, drops, FNTN is seen as a weak hold and suffers more than the others. This perceived weakness is due to the lack of financials and the glitches in the INTER- and INTRAnet products. I don't use FNTN's charting, preferring BigCharts (even thought they do not provide intraday for many issues), and was totally underwhelmed by FNTN's charting. "More to come soon" just doesn't cut it any more. I'm just sitting on my nestegg of tomatoes, having established a window for their fulfilling the conditions necessary to become a real player in this field. Someone BIG will move into this market sooner or later, and you'd better have your suspenders buckled up tight when that happens.
All the best,
M. |
