Zonkie -
I agree with much of what VS said in the past, although I particularly disliked the irritating drip-drip-drip repetitiveness of his posts. With the bulls' departure, that has abated.
As someone who advocated FTEL as a trading vehicle on this board a year or two ago, I have also been on the bulls hit list, as the party line at that time was that FTEL was a stock to buy and hold on to - indeed, a stock one would NEVER sell.
History shows who was right.
However, with recent management changes in both FTEL and FNET - and the subsequent adoption of what I see as a good game plan - I think we are in the early stages of a renaissance. The risk/reward for FTEL/FNET is highly favourable.
VS has made some recent predictions ---
In #39314 he says:
"I expect bigger losses this quarter ending December 31, 1988, with lower revenues than the quarter ended September 30, 1988."
In #39239 he says:
"I expect both FTEL and FNET to have a private placement soon. Will it even have a floor this time?"
Here are my counterpredictions ---
1) The 31 DEC revenues will be higher - and CONSIDERABLY higher - than those of 30 SEP. FTEL revenues will be up, and FNET revenues will be up a LOT. Losses might well be up, as investing for the future is part of the game plan at the moment.
2) There will be no FTEL PP, as it will not be needed. There will be an FNET PP of about $20M, with FIXED conversion at over $1/share. Some of the $ will be used to pay FTEL for new DVGs and DVGs already purchased (solving FTELs cash problems), but most will go towards establishing new DVG sites.
Zonkie - Why not use these predictions to judge how well VS is judging the situation as it is now?
I think looking backwards is a good way to predict the future as long as the track is straight - but with new and better management having new and better ideas (and FOCUS) - VS is about to be derailed. |
