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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW)
VEEV 273.87-1.1%Nov 18 3:59 PM EST

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To: Stock Watcher who wrote (2105)2/4/1999 8:34:00 PM
From: Radim Parchansky  Read Replies (2) of 52051
 
Stock Watcher, I can give you some info as well.
FNTN has been building business in the last two years and 99 is their start. They're in Internet and Intranet (see http://www.fntn.com) and as per Michael Sheppard - President, COO and Director, the Intranet business is going to take off in the near future. The company is well positioned for today and for years to come.
Recent events: SEC filling done in few days, so they will be reporting by the 2nd Q of 99 as per SEC rules and therefore being one of the 50% BB stocks that will remain listed (as per SEC estimated 50% of companies will not able to file).
From my conversation with Michael from yesterday and couple weeks ago:
* SEC almost done
* PR's coming in Feb
* 1.5 mil of contracts done deal (annual)
* estimated rev's for 99 - 5 mil (conservative as they stated)
* profitable this year (think it was 3 Q but not sure on that one).
* they might become "mini" search engine as mentioned by Michael.
* they never IPO'd
* have former NESCAPE guy on board

Stock was at .5's just few weeks ago, now Bid 1.75.

Hope this helps.

Radim
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