To: Keith Sherwood who wrote (15160 ) 5/2/2000 10:43:00 AM From: JOHN WHITE Read Replies (1) | Respond to of 15313
Keith , Thanks for offering your services ... in the event you are in attendance at the meeting. My questions are not small ones though. First, I would ask that the entire business plan be explained in 'lay' terms...with the ability to ask questions as it was explained. After this I would ask more specific questions dealing with the 'percieved' markets FNTN wishes to sell its services to and how The Company is addressing its business plan to give these 'markets-in-waiting' the desire to use its services. I could go on but what's the use...... My father was in the banking business for 45 years. Even as a boy I learned that when money was borrowed from a bank that there was a set procedure for acquiring a loan. First , there was the 'Jesus talk' with the lender in which the reason for the loan would be explained - and it needed to be a reasonable reason. Next came the plan to pay this money back ... the schedule of payments , and of course suitable collateral that might be needed. The bank officer would methodically go over these terms pointing out the interest charges, payment schedule and any other details. How different it is with FNTN. There is no 'Jesus talk' with the shareholders...no detailed and understandable explanation given of what the company is doing I.e. current sales revenues and detailed explanation of marketing strategy, no payment schedule, no collateral. It's basically , "Give us the money/shares of stock". We have a plan!!!...BUT...we can't tell you much about it. We would like to respond to your inquiries ...BUT... we are just too busy...you understand. I'll end this note by saying I would ask for a full and detailed explanation having to do with the approximate 2 year delay in (effectively ?) implementing the business plan. In all fairness , the shareholders of this company deserve better communications with management. For my part , I'm willing and eager to 'see' management's vision. John