Intended Purpose of CTI Link
James, the intended purpose of the CTI link was to
provide some insight on the process of becoming a
fully reporting company. CTI filed form SB-2 on
3-3-98, however, unfortunately for them, it was defective
and they had to file a series of amendments (SB-2/A).
On 1/11/99 they finally received full reporting status
from the SEC.
The process usually takes 60 days, unless the SEC
finds something wrong with the SB-2.
I agree with the Techno Wiz that the SB-2 filing is
very positive for FNTN.
Sure there is some dilution, but just look at where the
company intends to use the proceeds:
Marketing and Sales 1,600,000
Expansion into other
Geograpical Markets 750,000
Working Capital (2 yrs) 2,220,000
The key to the growth of this company (and the
increase in the price of the stock) is to obtain more
customers and contracts leading to greater revenue.
If they are successful in their efforts, all shareholders
will benefit, and dilution is a small price to pay (IMO).
Best Regards,
CH |
