Last quarter's revenues from FNET as listed in the Franklin Q10 were $285,000.
1) FNET has about $54,000 ISP revenues per quarter.
2) FNET presumably gets the lion's share of the $100,000+/month or $300,000+/quarter revenues reported in one of the Bosnia press releases.
3) FNET has about 6 foreign JVs with TEMPESTs installed and working.
4) FNET gets revenues from JM BEST, etc.
FTEL only owns 69% of FNET, so I would guess only 69% of FNET revenues get reported as FTEL revenues. That would make FNETs actual revenues come up to $413,000. If FNET gets $270,000/quarter from Bosnia, that makes 1) and 2) add up to $334,000.
Quite clearly, the foreign JVs ain't producing SQUAT - and some have been set up and working for 6 months.
Looks like FTEL is flying, and FNET is stalled.
BUMMER ---
Maybe an accountant type out there can tell me if I'm somehow looking at this wrong.
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