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Non-Tech : Firelight (FRL.V) -- Ignore unavailable to you. Want to Upgrade?


To: SAM-DAN who wrote (143)2/22/2001 3:57:08 PM
From: Stew  Read Replies (1) | Respond to of 240
 
That was certainly my impression of the NR. In fact, I'd say they've got a helluva lot of faith in the company! These are no ruffians off the street!



To: SAM-DAN who wrote (143)2/22/2001 5:27:33 PM
From: Life Coach  Respond to of 240
 
Looks great! It looks like this guy has a lot to contribute to the success of the company.



To: SAM-DAN who wrote (143)2/25/2001 7:16:28 PM
From: SAM-DAN  Read Replies (1) | Respond to of 240
 
Our group had our monthly conference call and thought we might share some of our thought[if anybody really cares about our thoughts] and how these observations are best illustrated in FRL.
First- all start up companies (usually penny stocks}have a gestation period.This early period ( whether it be a mining firm, an oil/gas discovery firm , a new technology firm or in FRL's case a new golf tape and golf aid products firm]all have similar characteristics. The originators of these firms take their company's business plan and attempt to find the product they were formed to develop has the economic potential to make the company successful.
Once that first phase is completed ie. they discover gold,oil/gas, a new technological ,or sign [again in FRL's case] a world renowned person such as Butch Harmon to an exclusive contract and develop new golf aids which show great economic potential, then they must be able to bring this product to a phase in which the economic potential produces the significant revenue needed to support a higher valuation to their share price.
Many such ventures begin as private companies first. Develop to a significant revenue level and then are IPO'd but we are dealing with Companies that have already been listed on some exchange ,be it the NASDAQ:BB or CNDX.
This becomes a critical period for those companies already listed. In most cases the managerial skills of the founders of the Company are primarily directed to finding the product that they are searching,creating or developing.
The skills necessary to move the company to higher levels of development(here we now shift our attention totally to FRL) raising the necessary funding,signing the distribution contracts,arranging advertising contracts, making decisions regarding public relations and stock market listings and promotion and the myriad of other problems associated with the growth of a small company to achieve its full potential usually requires significant infra structure changes in Management.
The attributes to recognize the niche in the market place that their products can be valuable and to initiate the developments to meet those needs require a vision and an ability which the founders of FRL have proved to have fulfilled with great success. But to carry this company to develop the full potential of their original work normally requires adding members to the team that have specific qualities to augment the skills of the founders.
It also requires that the founders have both the necessary strength of ego to admit that they require such assistance and the ability to find those additional members who possess the skills and experience necessary to fill the rolls for which they have been added to the team.
Mr.B. Hope and Mr.R.McDonald who are the originators and guiding lights of FRL to this stage, have these great character attributes which are illustrated by the news release of Feb 22.
The announced appointment of Mr. Phillip Bucknell to the position of VP and member of the Board is a major appointment which combines two major skills in this one appointment."Mr. Bucknell brings with him a wealth of financial experience as well as a legal background, having graduated with a LLB (honours) from Southhampton University. His experience includes 20 years as a stockbroker/institutional investment manager with major firms in London, England. He was responsible
for management of several large pension funds and unit trusts. He has also been involved in advising on development, acquisitions, restructuring and
business plans for both public and private companies."
All attributes which are necessary as FRL embarks on the needed financing, institutional involvement and negotiation of distibution and ancilliary product development.
Mr.Eric Friesen has already proven his marketing skills in the announced marketing agreement in Asia and in the agreement with The Booklegger Company, the largest wholesaler to golf stores, Pro shops and retail outlets in the USA.We also understand from sources that further such significant marketing agreements are close to completion under his guidance to span the world.
The appointment of Mr.M. England as Investor Relations spokesman for FRL has been long standing and his professionalism has already proven to be of great benefit to the Company.
It is our consensus that the talents of both the originators of the FRL concept and the additional new members to the management team has fulfilled the necessary infra structure build up that is required to meet the challenges ahead for Firelight.
Having received the reported full cooperation of Butch Harmon,we await with great anticipation announcement of further marketing and advertising contracts that will be forth coming as FRL rolls out its products.The anticipated revenue streams should be realized to justify a far higher valuation of the fundamental value of FRL which will naturally be reflected in a much higher value being placed on the FRL shares.
Please do your own DD and determine if this is a suitable investment vehicle for your portfolios.
It has met our criteria and we have established a significant position.Good luck to all.