Seth,
These seem like pretty rhetorical questions. Mind if I play?
Losing money or spending money on expansion. Specifically, what is the revenue from our offices in Annapolis and Raleigh? What is the projected revenue from the office in Arizona, or even Bosnia (assuming we're making more than 6% on the deal - it's all automated)? $20k/month/office and we're talking some serious cash (isn't this unwarranted operational expense?).
At what point do you consider 50 employees not selling enough to cover their salaries, anything to do with expansion? For that matter, at what point do you consider Frank persuasive, considering sales remain below their levels of one or two years ago? I'm not talking about FNet. FNet is on the books as a negative asset. Did you get your proxy in January? Half the people here didn't. Think FNet can't disappear from the books?
PP vs raising more money FTEL has already had lots of cash, enough to deploy 1,000 Tempests. Indeed at the time the CFO indicated we'd have 250 Tempests in place by 12/31/97. At what point has there been enough of a cash infusion?
So far, all subjective answers. Well, do think that's what the investment bankers want to call it? Try 'irregularities'. You think you've gotten some good entertainment here? Go ahead, tip the dancing bear. This is not to say that Frank can't pull off an IPO, but most CEOs like to stay away from the penny stock mentality. Frank likes it. Maybe we'll IPO FNet for about $.10/share.
Of course, I'm not ValueSpec but that's probably what he'd say.
WH
When all is said and done,
It was right for you to run.
Dah, dah, dah
From Trio's song, Dah, dah, dah |
