All, had a lot of questions asked, so I hope I will remember all of them in answering.
Many months ago (OCT) I had predicted that by Valentines Day FTEL would be between $3.50 to $5.00. That was not a wild guess because I predicated it upon several important events that would take place this month.
First the Cyclone is scheduled to be released, and as Doug has stated the Cyclone is in use now, and is undergoing rigorous testing via FNET. (Sneaky way to get in front of the line) gggggg But from what I am told, the Cyclone is a Godsend and the ISP's should view it as the saving grace.
There is also another by product, a hybrid of the Cyclone that has been dubbed the Tornado, I don't know what it function is, but my guess is that it may very well be suited to ISDN or maybe something even more advanced. Just a guess though.
The other events that I had relied on are earnings reports. We already know that Nov. and Dec. have gone on record as gangbuster months. If I believe the statement is quoted correctly, "the first two weeks in Nov. exceeded all the previous years revenues." If that is so, and Dec. we were able to ship on the Revco order, plus continuous orders to USRX of D-Mark channel banks, and also shipped a bunch of Hurricanes overseas, that should also qualify as a robust quarter, indeed.
Lastly, I knew that February also marked the month for the registration of warrants and the filing of audits to the SEC. This will not generate about $2 mill in cash, but will also put FTEL very close to the asset valuations needed to apply for full NASDAQ.
Take all of these yet to be announced or implemented events and I think your looking for one very lively 2nd half of the month.
Now toss in the fact that we had a letter of intent to acquire Internet Passport, and for the past two weeks the people from IP, were in Westlake, so I that leads me to believe that it is lot further along than just intent.
Also, when Frank was in Atlanta he had meetings with four other entities, of which his only comment to me about those meetings, was that there would news forthcoming.
Now if that isn't an agenda to lead us into months end with a lot of anticipation, I don't know what else could be more positive.
Someone asked when dinner was going to be served. Well, I think I hear the dinner bell of promises to be a seven course meal.
RB |
