To: ANALYST10 who wrote (14664 ) 6/21/1998 11:08:00 PM From: vic klimpl Read Replies (1) | Respond to
I wish to stop what I believe is a possible pissi*g match that is taking shape.Three people here have injected wrongly the mention of ftel tonight on this board.I am an investor in ftel not dgiv. Although at the ftel annual meeting(feb) elk said he discovered an internet company selling at .25 and to take a look it could be interesting.Well elk and others bought in and made big money.I didnt because I coudnt get my due dilly done because jimmy and his staff were out of the country and I couldnt arrange a meeting.If I did I guess I'd be on my private island now.I have been invested in ftel for three long arduous years.In jan.97 ftel began the process of becoming a fully reporting company.People on the board began saying that it was a short trip to fully reporting and then nervana,NASDAQ.A respected broker from myerson said bs its a usual 9-10 month journey to become fully reporting.Guess what, with a super cfo working his butt off responding to the sec and revising forever financials we got fully reporting status in November.Now nasdaq,well to disagree with you,(and I respect your knowledge)it takes a share price over 4 not 3(new rules)for small cap and 5 for full nasdaq along with other financial qualifications.What happened,well people who got big warrants when the company needed capital in 95 dumped the stock to cash in and drove it down to present levels although nasdaq has given the go ahead to list if the stock gets over 4 for 10 days.Here it is,a year and a half later nd the companies propects never looked better.My take is that this is a time consuming process and isnt magic and doesnt happen overnight.You can be confident in your investment,I met and did my due dilly and put my cash on the table when ftel was not fully reporting and was lucky. The sec said this was a ligitimate company and gave their blessing.Now we have to execute the game plan to be successful in the marketplace. But dont ever ever believe at this time and place that you have gone through this process and minimize it.Ftel has a product(dvg) that has won three best in show awards and has patent protection.They are booking orders in volume and is trying to raise the needed 100-200 million dollars needed to roll out worldwide deployment.And this is no slam dunck.Dealing with wall street aint easy. Its business.I could go on,telling you about the new fnet management which came from mci but this is not the forum.Byron was an ftel investor and switched to dgiv and at this point was a great timing move.I have on the ftel thread admitted I am a lousy trader and didnt do it.In closing,once you go through the fires of the sec you then can have the great confidence expressed here by many. Oh, then you have to execute the business plan.Aint easy.A thought on bashing,read the ftel thread,by comparison this is a walk in the park to ftel. We have indured the bashing of experts and aided an d abetted by si.I think when my ftel ship comes in I will punch in the snot the first basta*d who tells me how LUCKY I was. This is not a zero sum game and I hope that dgiv and ftel prosper for all.Different strokes for different folks.good luck. By the way, consider yourselves very lucky,ftel with al this is 2.71-2.78 with approximately the same capitalization.Thanks for putting up with my usual typos.
