Seth, I understand what you are saying. I would not put all companies who try to raise capital in the same class as I would FTEL. However, as I said before, one needs to consider the company's past. Have their past target dates been reliable? Have the past press releases been misleading or just inaccurate as demonstrated by the performance of the company at a later date?
Yes, to answer your question directly, large loses can proceed profits. In the case of FTEL, I don't believe the profits will come. If they do, it will be more a one-time event from an extra-ordinary accounting entry than from an operational gain, IMO. I base this, in large part, because of FTEL's history.
You have referred to me as an "expert" several times. I thank you for your confidence in my words, but I do not claim to be an expert. I am a lay stock picker and investor and offer my amateur opinions and thoughts.
I noticed that you believe profits will come by June 30, 1998. I hope you are right- although this carrot has been constantly put off. You'll have to excuse me if I and many others don't consider the bulls, or the company's word, credible.
As William said, what ever happened to the DVG demos from 12-97?
What happened to the ill-fated Intrine order?
FTEL: $ .84a
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