To: Ga Bard who wrote (2752 ) 5/26/1998 10:17:00 PM From: Lee Walsh Read Replies (1) | Respond to of 9440
I've had several people PM me about FLTT, for DD, after I mentioned about it last night on this thread, so I thought I'd post some Info that I know. Fltt has a thread, albeit an inactive one, and I'll post it there also. Lee (FLTT) Hasn't gotten any PR on this site, but look at the last 2 months chart...very impressive!! I know a bunch of PR and DD on this one (I've owned it for 6 years since a private placement purchase) It also has only 1.5 million shares in the float, Has been in the Black quite a while... and over 200 brokers ready to push it to customers after the NASDAQ Listing ....which if it trades over $4.00 for 3 more days,(This Friday 5-29) it will get it's NASDAQ listing about Mid JUNE!! Also has some big name investors... Ever heard of Bob Lilly -- Dallas Cowboy Hall of Famer.... David Hunt.. Son of Lamar Hunt owner of KC Chiefs(Hunt Brothers) Les Alexander ...Owner of Houston Rockets. FULLY SEC Reporting. Shares Authorized 6 million Outstanding(Not Restricted) 3.5 million (Closely Held 2 Million 31%!!) Float 1.5 Million *** BUT ---I know many of the stockholders, as I have been to stockholder meetings the last 3 years. I would say 500,000 of this "float" is still in "certificate" form (held by "little old ladies"!!!! :) Only about 1 million actively trade!! One example ..a friend of a friend with 40,000 shares, gave them to his broker with instructions "keep the certificate in your safe, and let me know when it hits $25.00 a share!!!" Office Address: 1705 E. Whaley Longview, Texas 75605 Phone: 1-800-259-2675 Shawna, Jean, or Carole will probably answer the phone...tell them and Curtis, you are a friend of mine off the internet, they'll be glad to give you the "DD" you need. All the restaurants are now in upscale Dallas Suburbs!! CEO Stan Swanson CFO Curtis Swanson <<-- Talk to Him!! President and COO: Henry Leonard -- very "sharp" fellow Opened several restaurants in East Texas in early 90's to test marketing concepts, but moved to DFW in mid to late 90's ...Now has 4 upscale restaurants in "high class" areas of Dallas and Suburbs. Newest opened May 1. Other Points of interest: (few people know most of these points) 1) The selloff in Feb-mar was started by a fellow who had a "restricted" certificate of 100,000 shares that he "registered" with PaineWebber. He somehow slipped it by one of their brokers, when the certificate finally hit FLTT's transfer agent and was rejected ....he had to cover...that started the rise in April. BTW- Paine webber was fined $100,000 for their mistake!! 2) Filed their NASDAQ app. on May 1... Talked to Curtis the other day, he said everything looks like a GO! 3) Curtis, Stan, Bob Lilly and others, have toured the country the last year or so, talking to brokers and advisors... All have FLTT on the "radar Screen" watching for this NASDAQ Approval. 4) on Wednesday or Thursday this week 4-27,28-98 (I believe...talk to Curtis to confirm) They have a 1.25 million debenture (preferred stock and restricted) coming in to finance 4 more restaurants!! About 90 days later another 1.5 million or so!! Some bigtime players getting in here. 5) Should get the OK from NASDAQ -- and the Date of Listing on hopefully --Next Week. 6) With such a low float...it won't take much buying at all to push this baby to the moon. Only about 100,000 shares pushed it up .75 cents twice in the last month. If we could get 200-400k of buying pressure, this stock could double or better in a day!! For 3 or 4 days MHO. 7) since nobody has heard of it, a thrust up like that would carry momentum for a week or more, I believe. I think this stock could go to $10- $12 bucks in a week with a little rocket fuel!! 8) $4.00 bid for 22 days is a big step because it is the last requirement they have to meet for Nasdaq... Only 3 days to go!!! $5.00 is another step...then it's Marginable!! Many brokers are looking for this figure!! 9) Fully reporting on Edgar. 10) 1st Quarter Financials released today 5-26-98 on Yahoo. Yahoo Site: quote.yahoo.com Lee