Hello Don: As usual you are right on. Think about it. If some on this thread in their efforts to conduct not just due diligence, but what amounts to an innocent form of 'Telephonic Espionage' on Siemens in their unrelenting zeal to glean anything that might indicate the extent of the relationship that actually exists between Siemens and Financial Intranet,
then what are they going to get up to when it comes to Financial Intranet's own clients.
Suprisingly, calling Siemens Executives all over Europe to try and divine where FNTN fits in, in their overall scheme of things has turned up not only very positive feedback, respect and appreciation for FNTN that has been completely unsolicited.
It has also indicated that Financial Intranet is not exactly a foreign name at Siemens.
In other words the relationship appears reasonably well known about at all ranks.
Now, Financial Intranet has stated two things publicly of late and given their reluctance to make forward looking statements that they cannot 'over-deliver on', (perhaps to redeem past sins), it would appear that they have $1.5 Million in contracts that could come in within this quarter and $5 Million in business that should see them as being 'operationally profitable' by years end.
Therefore it stands to reason that they are required to be mum about these contracts and not disclose their clients, because if not, half the thread will be out Sherlock Holming these business relationships and harassing clients to the point of potentially driving the business away from the company.
In light of this and the comment from one Siemens executuve that he or Siemens was somewhat in awe of FNTN and what they had accomplished and the apparent familiarity with the FNTN name, my gut feel is telling me that there's more to all of this than currently meets the eye.
One year ago, I went out on a limb and described Financial Intranet Inc as one of the most undervalued Internet assets back then and shortly thereafter the stock price tripled and eventually traded much higher thereafter. I am finding myself ready to go out on a limb once more and make a similar proclamation following Friday's impressive attempt
at a classic volume reversal.
Why did this happen and what could be behind it? It is interesting that we seem to have so many critics who just can't keep away from the stock or the thread to check in on how we are doing. They might even use it as an excuse to hype some stock they have found and ram it down our throats, but I have noted that most attempts at this have been big losers for them and yet Financial Intranet just barrels on building a great base that looks poised for a major breakout in the very near future.
Whilst this other stock that was hyped to us over the weekend looks interesting enough, it is years away from bringing a product to market if ever and is going to exhaust a great deal of its resources in getting to that point, no matter what.
In true contrast, Financial Intranet has already, on a relative shoestring, created a great product or number of products aimed directly at what is going to be the hottest market in the hottest arena the World has ever known and I for one believe it is going to be able to carve out a significant niche in this market, especially with the help of its quiet but giant multinational sponsor in Siemens of Germany.
Since no-one was home last week save the two Alans, where was everyone else and what were they up to? Getting new business and signing big contracts is the hope and it may well have been the reality. Why? Because this company's stock price which has been in an orderly pullback since its February highs is beginning to act latently bullish.
What it has been in the process of doing is probing for an area of solid support from which it can mount its next rally, its next major move.
Friday's action and near total reversal was impressive because, if we do build on this reversal, we may have in place the best technical structure this stock has ever seen and if certain overhead resistance levels are taken out, the next up-move could be breathtaking to say the least. The base on this stock now extends over some 20 months. It is dynamic in structure and the upside projections off this base are somewhat eye-popping to say the least. Geometric progressions off this base easily project into double digits.
One reason may be, that increasing interest is moving back into the stock, this time by institutional buyers. The first hint of solid contracts, revenues and income in hand for this quarter, combined with full reporting status, Bloomberg and the potential for the SB-2 to be heavily oversubscribed, may mean that the ton of money waiting on the sidelines to jump into this issue, could create one of those legendary buying stampedes we've seen before as the realization that this stock is finally taking off begins to sink in and dawn on all those who sold and want back in fast as they scramble to re-buy. Financial Intranet has now traded over One Hundred Million shares and that means that a lot of people have traded in and out of this stock and have not necessarily lost faith in FNTN, they are just waiting for that potential big move to show up on their radar screens and start re-sounding buy alerts and alarms.
Technically in support of this may be the reality that a 'third of a third wave', (potentially the most powerful part of any move), may be about to unfold, which any breakout above these levels back over $1 thru $1.50 would validate.
Once again if you don't believe in the possibility of this happening, then I suggest that you refresh your memory of what happened to PNLK, (with almost twice as many shares out), from the same levels when it soared to $3.00 within 24 hours on an announcement that would pale into insignificance compared to what Siemens might want to tell the World about FNTN.
If they seriously intend to jointly pursue business together, then I would expect this rumored announcement to be hard hitting and attention getting to say the least.
David and Goliath teaming up together could potentially be an awesome combo, if not an unusually interesting story in of itself, affording Financial Intranet a very unique 'status by association'.
If Siemens and Financial Intranet are ready to broadcast to the World and re-affirm this relationship, one would hope that they plan to get maximum bang for their buck from it. One would also like to presume that if they intend to let the World know that they are open for business, that they are going to go pursue all opportunities aggressively and leave no stone unturned. At least that's what I'd like to see and I am sure you all agree. The developmental stage is over. It's all a no holds barred effort to get new business from now on.
The implications of such an announcement cannot be underestimated in this current environment, especially since Siemens has publicly announced that it intends to spend Billions acquiring Internet assets and has already been doing so at a very fast clip.
How many of Siemens tens of thousands of shareholders, not to mention the investing public at large, are going to read a lot more into the Financial Intranet relationship than meets the eye. For starters, the length of the relations alone speaks volumes about the potential for further joint ventures in the future and whatever else these might lead to.
If Siemens is as impressed with FNTN as has been hinted by some, then I would expect things to start happening real soon. There's no more time to waste.
All I can say is, if we do get a breakout as the technicals are beginning to imply.
Then: Watch out above!
Have a great week
Rgds to all
Wiz |
