John: This post is a follow-up to Bill's fine response to your questions.
Short of official announcements, nothing is official, so take what I have to say with a grain of something or other. It's just my best-guess opinion.
FNTN has a self-imposed deadline of the end of the quarter to be a reporting company. If that happens on-time, I believe that all positive hell will break loose.
For one thing, being a reporting company will put them in a much better crowd - still high-risk, but smelling a lot better.
Secondly, I believe that PR is being deliberately held back until FNTN can show up on the institutional radar screens. Coordination of events is critical. In other words, always lead with your jab - then throw the bomb in combination. IMO, that won't happen until they are reporting, so why waste major news if nobody sees it but us slim chickens? Additionally, I don't expect FNTN's stock price to react exclusively to news. We have seen the stock shoot up by 75% (and plummet) on NO news. Historically, FNTN's stock has been driven by pure speculative buying, not just reactionary buying - and that's probably healthy in the long run.
As for holding or selling, your personal timetable may give you just enough time to decide to hang in. Theoretically, the end of June will tell all - but I'm betting that we will begin seeing buying in the issue long before then. Buying patterns already suggest that there has been some accumulation in spurts, sometimes at 5:1 buy-to-sell ratios. I think we will see more within your two-week deadline. Personally, I'm holding even if the stock stays depressed through June because I believe the potential return is worth the wait.
The best of luck with your investment decisions, John - whatever they may be.
Regards,
Wally |
