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


To: Jim Porter who wrote (1994)5/27/1998 8:34:00 PM
From: RavenCrazy  Read Replies (1) | Respond to of 2897
 
Please forgive a new investor in FNTN for not starting out with proper research, but can someone please tell me when financials are anticipated, if this has been discussed on the thread.

Thank you,
Raven



To: Jim Porter who wrote (1994)5/27/1998 9:26:00 PM
From: Jim Porter  Read Replies (1) | Respond to of 2897
 
A lone voice in the wilderness!!

In several previous postings, the topic of "Reverse Stock Split" was mentioned.

I am not advocating a reverse stock split. I want to see the FNTN Board of Directors initiate and implement a "Stock Buy-back Policy".

A reverse stock split is accomplished through declaration and has no merit to it. All an action of this nature would accomplish is to decrease the amount of stock by 50% or 33%. No real value would have been achieved - only damage would be inflected.

On the other hand, a stock buy-back is achieved through spending profits. The concept of a stock buy-back is a double edged sward.

First, before stock can be bought back, profits must be made - and reported. Second, by spending these profits on purchasing company stock, this supports the value of the same stock and decreasing the volume of stock available; thereby increasing the value of the remaining stock. A value that can be supported!

I know I'm leaving myself wide open; however, if the above is incorrect, please let me know.

BW&GI .........-jp