First selection is FNLN:
Company of the Month: MAY 1999
FineLine Properties.com (OTC:BB) Symbol: FNLN
Price at Recomendation (4/30/99 Closing Asked) $0.8125 52 Week High $16.000 52 Week Low $0.281 Shares Outstanding (Est.) 4,200,000 Shares In Available Float (Est.) 370,000 Average Daily Volume (April 1999) 21,458 Company's Web Presence finelineproperties.com
FineLine Properties.Com has been a public company for less than 6 months. The company is a cartoon developer and licensing company that merchandises their products via t-shirts, sweatshirts, caps, etc. During that time the company has experienced some dramatic price swings due to it's extremely low available float. Back in January '99, the stock ran up to $16.00 per share for a brief moment on news of an upcoming e-commerce site. That site has been delayed on more than a few ocassions, but is expected to open for business on Wednesday, May 5th.
It is the opinion of TBBB that with the site to be a reality shortly, now is a excellent time to get in on a ground floor of this 10-year old company. The company has been able to hire some of the most talented artists and innovative minds in the industry. It is not out of the realm of possibilty that the company can partner (contracted with Marvel Entertainment in February for 20% of all revenues that Marvel takes in from FineLine characters) or even be bought out by one of the larger players in the industry. Further information on FNLN can be found at ibchannel.com, wallstreetreporter.com (interview), and internetstockmarket.com.
One word of caution: This stock has an exteremely low float and will be volatile. Currently the stock has a very wide spread (.56 x .81). The company is not a reporting company at this time and no sales figures have been released in the past. The risks are many, but that's why it's a high risk/high reward issue. Disclosure of Purchase on the open market: The TBBB accumulated 1,800 shares on Friday, April 30, 1999 with an average cost of $0.76. TBBB has not received any financial compensation from FNLN, nor does TBBB have any affiliation with the company.
Other tidbits on FNLN:
FineLine, is an entertainment-based company that develops and acquires cartoon characters. As a ''Think Tank'', the company has had some of its cartoons in major promotions with Wendy's Hamburgers, Kelloggs Rice Krispies and others, along with appearances on over 450 licensed products in over 20 countries.
FineLine is focused on becoming the most highly brand of cartoon characters online through merchandising its apparel via e-Commerce and third party licensing arrangements. The company is modeling the branding strategies of successful online retailers Disney (NYSE:DIS - news), Amazon.com (Nasdaq:AMZN - news), Dell (Nasdaq:DELL - news), and Ebay (Nasdaq:EBAY - news) by being the innovator and originator in its industry. FineLine is one of the first companies ever to introduce cartoon characters to the world using its Internet Web site as a platform. Some of FineLine's cartoon characters have already been on the international stage.
The cartoon licensing and merchandising industry is a $150 billion market with major industry names such as Disney, Warner Bros., The Rug Rats, Marvel Comics (NYSE:MRV - news) and others.
FineLine plans to be a major player in e-Commerce sales. With more than 180 million Internet surfers on a global basis and more than 80 million in the United States, cyberspace reaches almost every corner of the globe. Last year (1998), e-Commerce moved $23 billion worth of consumer merchandise, with projections for 1999 indicating that this figure should exceed $75 billion.
FineLine Properties recently announced that it has created a face for the Millennium Bug known as Y2K. Because of the importance of the Y2K character, Fineline is offering it free to all media outlets including the Internet, television stations, newspapers, magazines and all print media. Y2K will be listed on over 400 search engines that will contain a link to the character and is also available for commercial use by contacting the company. FineLine will be offering its new Y2K character merchandise including t-shirts, hats, pins, patches, and more over its new E-commerce World Wide Web site.
Fineline Properties is proud to announce the Grand Opening of our on-line merchandise store on Wed., May 5!
Date of Report: 05/03/99 |