To: Mary M. who wrote (992 ) 4/11/1998 11:03:00 AM From: Robert W. Dog Respond to of 2897
Mary, Thanks. I hadn't noticed Humancash and Mr. Kash are one and the same. I'm long on FNTN as well and agree with you and Wally. Lets try to keep FNTN moving only on real business issues, not on hyping based on rumours. Again, I'm very happy you noticed. Regarding no news since January I also see a positive side to this. I rather have no news than 'news just for the news'. This keeps management reliable, in contrast to companies like NETZ which have news out about every other day, appearently not being backed and therefore not being regarded reliable anymore. If FNTN management were desperate or had malice intentions, they could bring out some news, trying to keep us happy. They don't, which also may point out that they feel confident enough. (Which is backed by some of us who spoke with them.) And by firing humancash last year, they also made a firm statement that they don't want to be taken serious. I have a good feeling on FNTN as many others who are long. Yet, I think we all should realise that FNTN is facing some serious challenges: 1. FNTN is a starting company I have once been with a small, starting IT company myself which was supported strongly by IBM. From my own experience I can tell that that is very difficult, especially the first 2 years. Many bills to pay, little income. And trying to get into such a new area as FNTN aims at, it even gets more complicated. 2. Doing profitable business using the net is still very difficult. So far only very little companies have made real money with doing business using the net, except mainly the online brokers. Even Amazon (Books), which is very well known, is not very profitable. It is still a very difficult area since the mass still regards paying online as dangerous and insecure. No matter what we think about that: the mass is still not convinced about the net. Therefore, it still is a very risky area, which may explain why major investors didn't dare to step in FNTN. Yet, FNTN also will offer services in the online broker area, so they may have a winning combination. 3. Conflicts in product and services development The contract which was announced in January is about an intranet which FNTN will develop for a publisher firm. It wouldn't surprise me if the efforts FNTN has to make to accomplish this intranet, obstructs or holds the development of the on the website mentioned products, software and services FNTN wants to develop for 'the public in general'. Or the other way around. They will have a limited number of developers and will have to make a choice between the different projects. I guess the customer needs to be satisfied and project milestones need to be met, so FNTN's 'public' services could be held back, explaining some of the delays. Challenges, but the reward may be nice. I have a good feeling about it. Have a good weekend, Robert