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Microcap & Penny Stocks : FNTN-Is Financial Intranet the most undervalued net asset? -- Ignore unavailable to you. Want to Upgrade?


To: Bill Fortune III who wrote (116)6/13/1998 10:51:00 AM
From: Bill Fortune III  Respond to of 364
 
THIS MAY BE OF INTEREST TO SOME OF YOU.
In my opinion FNTN is showing excellent resistance to the current 50 and 200 averages. If investors stand their ground, new investors come in and with the release of good news we should see a sharp upturn in FNTN over the next few weeks. Although FNTN may retest the averages (which are continuing to edge up), I believe it should continue to climb based on what I just pointed out.

Since about April 24th when FNTN took it's sharp rise, the daily closing prices have held above the 50 day (red line) and 200 day (blue line) trading (moving) averages. You can see this by going to the chart below:

dailystocks.net

Here is a review of all the daily trading and the weekly averages since April 20th.

Date Close High Low Open Volume
6/12/98 0.65 0.66 0.62 0.63 253500
6/11/98 0.67 0.68 0.6 0.64 221500
6/10/98 0.62 0.064 0.59 0.62 69900
6/9/98 0.64 0.67 0.61 0.67 69900
6/8/98 0.67 0.71 0.6 0.61 321800
Average 0.65 0.5568 0.604 0.634 187,320
6/5/98 0.58 0.58 0.54 0.56 100200
6/4/98 0.58 0.6 0.52 0.55 129600
6/3/98 0.57 0.61 0.55 0.61 101800
6/2/98 0.61 0.61 0.58 0.6 207400
6/1/98 0.6 0.65 0.6 0.65 214600
Average 0.588 0.61 0.558 0.594 150,720
5/29/98 0.625 0.67 0.615 0.67 184800
5/28/98 0.66 0.67 0.59 0.6 326800
5/27/98 0.6 0.64 0.55 0.61 176600
5/26/98 0.587 0.65 0.55 0.56 79400
5/25/98 Memorial DAY
Average 0.618 0.6575 0.57625 0.61 191,900
5/22/98 0.61 0.65 0.54 0.65 259300
5/21/98 0.61 0.68 0.6 0.68 205300
5/20/98 0.62 0.65 0.55 0.58 393700
5/19/98 0.58 0.76 0.58 0.72 581600
5/18/98 0.74 0.8 0.74 0.8 189000
Average 0.632 0.708 0.602 0.686 325,780
5/15/98 0.8 0.812 0.74 0.79 186900
5/14/98 0.81 0.83 0.79 0.83 136200
5/13/98 0.83 0.84 0.75 0.84 251800
5/12/98 0.82 0.85 0.8 0.83 242500
5/11/98 0.83 0.86 0.77 0.82 333500
Average 0.818 0.8384 0.77 0.822 230,180
5/8/98 0.81 0.84 0.7 0.79 434500
5/7/98 0.74 0.84 0.74 0.81 192300
5/6/98 0.81 0.86 0.77 0.86 207800
5/5/98 0.85 0.87 0.77 0.83 363800
5/4/98 0.84 0.88 0.76 0.84 468400
Average 0.81 0.858 0.748 0.826 333,360
5/1/98 0.84 0.85 0.73 0.84 384400
4/30/98 0.8 0.9 0.77 0.83 559700
4/29/98 0.79 0.87 0.6 0.87 1559700
4/28/98 0.84 0.95 0.8 0.875 1157000
4/27/98 0.812 0.85 0.69 0.73 1811800
Average 0.8164 0.884 0.718 0.829 1,094,520
4/24/98 0.65 0.65 0.48 0.51 1459800
4/23/98 0.49 0.51 0.42 0.49 977300
4/22/98 0.43 0.49 0.378 0.43 1239700
4/21/98 0.36 0.37 0.285 0.36 532900
4/20/98 0.29 0.29 0.26 0.29 311900
Average 0.444 0.462 0.3646 0.416 904,320

Bill Fortune III



To: Bill Fortune III who wrote (116)6/14/1998 1:11:00 PM
From: Bill Fortune III  Respond to of 364
 
I received a private message from one of the FNTN investors on the SI thread, who ask the following questions(s) of me.
"I wrote to you a short time ago in reference to the "product" one of the FNTN posters quoted MS as saying would soon be ready to ship. Since then new light on this PRODUCT has surfaced - somewhat.
Is this product some kind of tailor-made for each customer software that will (as another poster alluded to "seamlessly") integrate with FNTN's platform programing to create a monster-size capacity and flexibility of use? Care to digress/guess on the NEW possibilities of this type of intranet "vehicle" for me - in lay terms?"

Here is my response.

I would be unable to discuss the "Product", due to the fact that I am totally uninformed on it. As I have said before, and that was all conjecture on my part it will be customizable based on the client's needs. Something along the lines like a customized database but much more sophisticated.

For me to hypothesis beyond what I have already said would be to do a disservice to you and any other person who reads this. We must wait to see just what that "Product" is like in the end. I believe that the company for obvious reasons will closely guard any information on any of FNTN's products prior to their release.

If there is anyone else on the thread that would possibly have more information on this matter, hopefully they will post that information for everyone to read.

In my opinion, and since it now is a little over a month since we have had any news releases from FNTN I feel it would be appropriate for the company to give their investors some type of update. Updates, i.e., as to time lines and real (signed contracts) or potential numbers of client's also revenue projections. I know this will be forthcoming, but right now the sooner the better may be appropriate. Again, this is only my opinion.

I will be sending a copy of this post to Michael Sheppard at: msheppard@fntn.com. I have no intentions of trying to force FNTN to do anything they feel is inappropriate, but rather to share my feelings and concerns with them.

As an FNTN very long position investor,

Bill Fortune III