To: T.M.K. who wrote (356 ) 7/12/1998 5:10:00 PM From: Bill Fortune III Read Replies (1) | Respond to of 15313
Good afternoon TMK: As I said in a previous post I wanted to take a closer look at the responses Michael Sheppard, President of Financial, Inc. gave you and as you posted in # 356 below:Message 5168884 A1 - MS "Look for the site next week, but remember you can not see the Intranet site as you are not a subscriber." <<How I see it>> This is what we have been saying all along. The Internet site (for the general public and exposure) vs. the Intranet (for paying clients and customers of FNTN) A2 - MS "we did not acquire a search engine." <<How I see it>> It appears they built their own or in conjunction with someone else such as Siemens-Pymard. A3 - MS "the expense to set up and sell an Intranet speaks for itself. We are delivering the population to the client. Remember we are in a niche market that no one has entered yet." <<How I see it>> MS is absolutely correct in that it is very expensive for a company to build and maintain an Intranet. It is much simpler and economical to purchase these types of services on a contract bases. Assuming MS is correct about FNTN truly being one of a kind all I can say is Wow . Smash . Success. A4 - MS "we plan to add many products as we move along." <<How I see it>> I believe this to mean that FNTN is going to be a very forward looking company and plan to stay in the forefront. A5- MS "all services will be delivered by august, which will increase our revenues." <<How I see it>> They have clients/customers that will be coming on line on the Intranet as soon as it is available. A6 - MS "We should still be on line to be operationally profitable by year end." <<How I see it>> As someone else mention it is possible that their expected earnings may be less then first projected (we must remember that projections are just that, a guess). But look at all the other Internet stocks and their actual earnings and how they have skyrocketed. A7 - MS "The IB has been a great help and will continue to be so.... Watch the press releases." <<How I see it>> I will only that we may some excellent news on this, what I do not know. A8 - MS "Nasdaq takes six months as they are way behind. We have a great Law firm that may speed it up but who knows...we are in their control here." <<How I see it>> Again, MS is absolutely correct the Nasdaq has many procedures that a company must go through to be listed. You don't just call them up and say you want to be included. A9 - MS "At this point in time we have no competition yet...no one delivers what we have." I will reserve my comments to another message, as I want this to be out to all of you with no delay. <<How I see it>> Just think of the positive ramifications if in fact FNTN has no competition at the outset. As they thrive, needless to say they will undoubtedly have competition in the future. But going back to answer A4 they plan on staying ahead of any rivalry the may come along. These are only my opinions and views on the answers TMK received. Be your own judge and post your views. Regards, Bill Fortune III