Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Speedster who wrote (1812)	5/18/1998 4:30:00 PM
From: Wally	Read Replies (1) \| Respond to of 2897

Everyone: No doubt about it. This IS a better, less hyped thread than any I've found at SI. We must, however, keep a couple of toes on the ground. I believe we have a meteor here, but it's a stock market meteor, capable of going sideways or in reverse during it's journey toward riches. I hope the current euphoria doesn't cause panic at the first big dip, because recent posts (including some of my own) have not dealt with that possibility (NOTE: I said POSSIBILITY not PROBABILITY). Delayed web sites and long news blackouts can cause uneasiness, but they're a fact of life. Real company's move at their own speed, not an investor's speed. That said (a momentary return to euphoria), If I had to bet the ranch (and I already bet 1/2 of it), Financial Intranet will eventually rise to higher heights than ever before. I am at least 80% long in this stock. My idea of a short would be $2.00-2.50. Long? I don't see a roof because I only see part of the company. Here's wishing everyone a winner, Wally

To: Speedster who wrote (1812)	5/18/1998 8:35:00 PM
From: Jim Porter	Read Replies (1) \| Respond to of 2897

Speedster, Your post was very timely. Thank you for your insight! And, if I pissed you off, all the better. What this thread needed was some good old cerebral simulating and real thought. My objective is to "Make the Wheel Go Around at Least Once". (When I was teaching, the name I was known by more than 85% of the students was: "Ass Hole"! Although I was not there to make friends, there is a small percentage of the students that consider me a friend, and that made it all worth while.) Nevertheless, one does not need lexis-nexis to do research. Thanks to Rick Julian, all that needs to be done is refer to message number 606, for the press release dealing with Hill Publishing, and message number 1659, for the release informing the public of the Josephberg Grosz & Co. Both are the courtesy of SI member: Rick Julian, and can be found right on this thread. As for your stated "signal blast-off", I too agree, earnings are what drive a stock. However, (Hill Publishing announcement) until the 25,000 agents, at $200 per month, (PROJECTED 20%) are signed up and their checks deposited, as you have so appropriately stated, the hole Hill Publishing thing is not worth "a hill-of-beans". Using your conservative p/e ratio of 10, resulting in a stock price that "should bounce up to $2.27". I'm sure you can do so; however, will you please direct me to the source Michael Sheppard used to arrive at his projection of $2.5 million net profits and his $15 million in gross revenues. Also, are we talking EBITDA? Personally, I would like to see the percentages for each line item on the audited or even un-audited income statement. No doubt, this information is available and I'm sure you will be kind enough to direct me to it. Now, trust me, I have nothing against you, Michael Sheppard (he and his management team have done a wonderful job), or anyone else who happens to own stock in this company (as I have stated, I'm long and intend on staying long). However, until I have seen a reason to think other wise, it seems to me, the financial principle that is being used to arrive at 1998 projections is the old theory "if I could get a penny for each person who passes this corner - - I'd be a millionaire!". To me, this is a violation of the 11th Commandment: "Tho Shall Not B - - S - - Thy Self." Only after audited financial statements have been released, can anyone truly expect to see any reasonable upward movement in the price of this stock. And, I'm also in agreement with you (Speedster), until the web site is up and running, there is no continues source of revenue. Let's Do It, Get it Done!! To quote the old advertising hit: "Where's the Beef"! As for the 11 million shares of outstanding stock, stock is the currency of a corporation. Yes, I do think there has been to much stock issued. With the quantity of this form of currency currently in circulation and the current financial statements, one can only expect each stock certificate to have a low value. I stand by my former statement (post number: 1542), the quickest way to increase the current price of FNTN stock is for management to "implement a stock repurchase plan". Such an action would also be seen as a favorable move by the future "heavy hitters" this stock will need in order for it to escalate to the levels we all desire. If this could be accompanied with the addition of contracts and money deposited in the bank, we would truly be on our way. Then, we truly would see a "signal for blast-off". All responses are welcome........ Jim Porter