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Microcap & Penny Stocks : FNet=Internatl Voice/Fax/Data&Video Services ViaInternet -- Ignore unavailable to you. Want to Upgrade?

To: Bruce Hoyt who wrote (263)	5/23/1998 4:27:00 PM
From: Mitch Aunger	Read Replies (1) \| Respond to of 609

Bruce, I had the same concerns about having a multiple partner equity position... wondered about the possiblity of no near term IPO. My guess is that if someone (or multiples) kicked in the 100-120 mill, then there would not be an immediate need for cash, but at the same time, maybe with EPs would come a faster deployment, and therefore maybe still a need to raise additional cash in the medium term. Another year to wait might not be too bad, especially since our FNET shares will be locked for 2 years anyway.... we are waiting for huge LONG term payoffs anyway... right? My patience would be definately tested tho! Especially if there weren't an opportunity to sell just a few shares at IPO time to recoup some initial investment. I have plans for some expensive toys and don't want to kick the bucket before I have the chance to buy them! Mitch