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Microcap & Penny Stocks : Financial Intranet Inc. (OTC:BB:FNTN) -- Ignore unavailable to you. Want to Upgrade?

To: don roberson who wrote (1751)	5/14/1998 7:01:00 PM
From: Robert W. Dog	Respond to of 2897

Don, In my opinion we only get strong upward move again on announcements on contracts signed (+ figures) OR a one-of-a-kind, eye tickling, finger licking alive and kicking WEB site with some real content. The current level has been achieved based on (full filled) promises on the IB involvement and the pager acquisition. Any announcement with additions to this are unlikely to attract new investors and/or upward movement. Yet, once one of the 2 (contract or web site) happens, we are likely to see serious upward movement. We have a large amount of stocks traded in the 0.80 area, and as Bill said, the well is drying up. People coming from lower levels (0.25 - 0.40) and looking for shorter term gains will have taken their profits by now. The other investors who have entered at these levels are probably not likely to sell on short term. Therefore, accompanied by good news, the way is only very much up. I personally think the following. FNTN management wants to achieve NASDAQ small cap notation, which requires among others a minimum stock price of $4. To get at this level, they will first wait till the WEB site is up and running and see what happens to the stock price. The very likely upward move then will be supported and fueled by announcements of new contracts. (They already MUST have contracts by now, otherwise they can not make profits from Q3 on.) They used this strategy in the past weeks as well. When upward move had stopped and the share price tended to drop too much, they released an announcement. (By the timing of these announcements, to me it was obvious they were watching the stock price and the SI FNTN threads.) Anyway, from their announcements you can tell they want to achieve NASDAQ small cap status within about 6 months. Predicting a minimum $4 stock price before year end therefore is not too much of gypsy glass ball reading. These are just some private thoughts; please do your own DD. Cheers, Robert