My Malicious Friend ValueSpec> So after each negative post for over three-quarters of a year, what were your reasons again for visiting the SI exchange 2000 thread?
"To anyone who might seek to injure us" in that statement alone, you HAVE sense your first post have shown " a malicious intent".
These 81 excerpts from the time you started posting til only Feb 13th of this year says it all.
YOU SAID>
# 1 followed by statement> Your first post "This company reminds me of RACE"
# 2 This stock could be fun as a momentum play"
# 3 "IF only is what most hype stocks are made of. At his point, I see nothing to differentiate FTEL from all the others."
#4 "Robert, I consider myself to have a good amount of knowledge on hype stocks".
#5 "The hype stocks always have an excuse. This is an old one. RACE keeps saying the same thing."
#6 "To me, the company appeared to hype it a bit. That is a another strike against them. What else will the company say that will make you feel misled about in the future?"
#7 "<<News from the Competition..VOCLF. $.29 per minute from Sweden to UK. What can Frank do it for?>> You mean, "What would Frank do it for IF he could"?".
#8 "Raleigh and friends, do you know where worms are found? VALUESPEC".
#9 "Judith, I think it shows the desperation of FTEL to have its PR person say in SI what she said. Is she saying the company is estimating that FTEL will get to $ 20 per share? This is sounds like hype to me. "
#10 "Educational Info, including False Prophet, etc.:
valuespec.com@EDUCATIONAL/main.html valuespec.com
#11 "The carrot is often put just in front of you on companies that ultimately don't perform."
#12 "<<think the smart money sold at 6 or 7 or 10.>> Are you smart money?"
#13 "Judith, that is, in part, what I've been saying. FTEL is just a peanut in a big, big playing field. The chances of the actually "making it" are extemeley small."
# 14 "To keep these stocks up, good-sounding news keeps being pumped up. I'd probably buy (and then sell) on a bogus, but good sounding annoucment,"
#15 "f they do, I should still win by buying when it is safer. Then again, I never said the big sales couldn't materialize, just that it wasnt' likely."
#16 "I also think that if LU were to sell a comparable product at a higher cost, one would want to go with LU instead of FTEL. Why? Because one would hate to spend a lot of money on equipment from a small company and then have it go bankrupt. How many small companies have lost contracts, even though substantially cheaper for that reason
alone? Also, even if FTEL's product has some advantages today, is LU likely to stay behind FTEL for long? What would the buyers believe?"
#17 "A conservative CEO, IMO, would not give press releases which made it sound like a much bigger company put in the $ 2.5 order and then disappoint so many shareholders. Also, 13 weeks is what one should say. Three weeks is a dream."
#18 "The lawsuit is for $ 7,400,000. What is the chance of ATT winning? Lawsuites like this are generally considered a yellow flag."
#19 "Why do you think he's taking so much money from the company via a pay check? However, I think they are valid, as to me the pay seems excessive. Again, another yellow flags goes up for me."
#20 "Also, regarding litigation: If a company did something dishonest and got caught, and if getting caught could severely hurt them, do you think that they would, given their past actions, claim they were guilty? Is ATT just picking on little FTEL who was really the good guy in this scam which involved them? Maybe, but not to have a yellow flag up at this point is not realistic- unless you just want to beleive, IMO."
#21 " Also, going back to one of my orignial questions, which I think is key, were the prices which FTEL was being charged so low that it should have been obvious to FTEL that something wasn't right? If so, that would seen to put FTEL's integrity in question, which I think would be very important (corvet example)."
#22 " I would still have to wonder about managment's involvement, however. Does anyone know what other companies were involved in the scam?"
#23 "I'm trying to dig whatever information I can up on this company. It will all be in one place, hopefully, at some point to make it easier to reference- good or bad (note: not emphasis on the bad,
though it may seem that way).
#24 " Jim, one shoud be very careful when investing in these companies. Also , small companies often don't win contracts, even when offering a better deal because the buyer is afraid the small company won't be around for long (bankrupt)."
#25 "ELK, sure I'm short. I'll fulfill your fantasy for you. And watch out! I can manipulate stocks to do what I want them to do, and I want FTEL to go down."
#26 "No, I have not contacted the company. It is not necessary to at this time. What will the company tell me; What shareholders want to hear? Usually the hype companies will tell you what you want to hear and deliver what they can.
#27 "I'm going to take the liberty to make some comments about this press release: First, a new PR firm? That can be good, but two things stick out in my mind. One, how many shares/options/warrants are they getting to "push" this stock.
#28 "I'm still curious, I will eventually visit the company or at least call".
#29 "Small companies often like to tout "affiliations" or sales to major companies, even if the affiliations or sales could be considered insignficant on an overall basis. It makes me wonder about the company when I hear hype like that. Again, another yellow flag in my mind.
#30 " <<(2) FTEL needs to make our name as well known as those other
companies that are currently associated with IT.>> Gary, FTEL is just a peanut. Getting listed on the small cap NASDAQ (as opposed to
the regular NASDAQ) is not going to change much for FTEL (though after about three months they will become marginable)."
#31 "Often small companies will announce news which is likely to prop up its share price just before a larger number of shares are to potentially be sold (hence the timing of the FNET and NASDAQ listing?)".
#32 "After FNET IPO's (assuming it does) and the shares are sold (if any are sold), we'll see if the tempest, etc., ever sell well. I don't think it will."
#33 " I know. I don't know what I'm talking about. It's amazing how hyped stocks usually respond in the same way. So many investors are such easy prey. These CEO's must get a real kick out of it."
#34 "Countdown to FTEL sales . . . We'll see if the Tempest sales, etc., take off."
#35 "Why do I say sales won't materialize? I don't say they won't, I say that it is very unlikely that they will based on the typical small-cap stock and my experiences with them. However, I've seen numerous yellow-flags. I'll try to document them later in more detail, however, here's a quick list:
1) Excessive CEO pay.
2) Hardly any revenues despite being in business for years.
3) Being a peanut compared to the elephants in the industry
4) Disappointment in company which bought the $2.5 mil in product based on the company's press release- meaning that they have a reputation for hyping so what else is being hyped?
5) The CEO has a big stake in making FTEL sound great so his large holding in FNET will become much more valuable if the IPO is successful. Not to mention all the money he's making on FTEL.
#36 " FTEL is exhibiting the signs of a classic hype stock. Little revenues. A lot of PR. A lot of hope and little results. Maybe the results are coming just around the corner as many expect."
#37 "Am I saying what the stock price will do? Absolutely not. I wouldn't bet against FTEL at this point. The hype is too strong."
#38 "However, I still doubt the tempest sales, etc., will ever materialize to a great degree. For that, we'll have to wait six months. I'm sure they'll come up with one excuse after another, if sales don't materialize by then".
#39 "Since the company has not produced anything, in my opinion, that is meaningful (WCOM is getting close but has no sig results yet) it is all just talk- and talk is cheap. Talk is paramount to hype in my opinion."
#40 "I would caution you that until the numbers arrive- strong undebatable numbers, that FTEL is little more than a story. Also, watch for PR releases in an attempt by management, IMO, to keep the FTEL fire going. I find it imperitive to read the PR releases very carefully and with a very skeptical eye. If it isn't very clear, and absolute in what it says, then I give little weight to it (accept for a short-term trading opportunity)."
#41 " Again, the similarities between FTEL and RACE, to me, are striking."
#42 "Am I saying every nice person, like Frank, is a con? Obviously not. Often people, however, put too much weight into a how a person seems. When Frank's company produces be big sales, then I'll know he's for real."
#43 "Am I saying every nice person, like Frank, is a con? Obviously not. Often people, however, put too much weight into a how a person seems. When Frank's company produces be big sales, then I'll know he's for real."
#44 "At $ 5.00 per share, I'd say that FTEL is very richly valued and
could fall a lot from here. As a result, sell if the stock starts to act unusual (below $ 4.50b?). Contrary to many posters on this board, I see many yellow flags."
#45 "No, I don't doubt they'll make it to the big NASDAQ, though I haven't personally verified that."
#46 "Raleigh, are you aware of ATT's announcement today? They now have plans to enter internet telephony- starting in late 1998. Any thoughts on that? Isn't this one of the big elephants I just predicted would be entering?
#47 "PF, the nature of my posts has generally been negative. It is also true that I've made some mistakes which I immediately corrected. However, I think that, in general, the doubts I have expressed about the liklihood of great Tempest sales, etc., are valid."
#48 "Following is a false prophet list that someone just posted on another board. Since this is a universal concern on any board, I thought I'd post it here, too. I found it on the BNGO thread. This post, of course, is not meant to incriminate anyone, it is just for
your reference. The fact that my post follows RB's is just a coincidence:"
#49 "Has anyone noticed what is lacking in the FTEL website news file? I didn't find any earnings releases? Why?"
#50 "I call a press release hype if it made a situation sound better than it actually was (like the Intrine news). If companies do that, that is a classic yellow flag warning, IMO.".
#51 "Franklin's President in his Jan 3, 1997, message stated that Franklin does, indeed, plan to manufacture its products. When I read that it doesn't sound like outsourcing, but who knows. However, there is clearly reason to be confused based on those statements by Franklin."
#52 "I have a good amount of experience with companies that have not done well in the past. I see a lot of similarities, IMO, as I've said, with some of them. That is why I don't believe in their product or the company at this time, especially at $ 5.00 per share."
#53 "Following are the words of certain FTEL officers made in the past. Listen to what the Presdent said on January 3, 1997, vs what actually happend. Sales are still very small though it is one year later, and despite these quotes taken from this message:
<<Sales on our traditional products remain brisk.>> <<In short, Franklin is poised to take 1997 by storm!>>
#54 " I personally don't like how managment's past realeases measured up (i.e. Intrine is a "major" company?, etc.)."
#55 "Thomas DeSousa, I would encourage you to stay. Your thoughts are similar to mine"
#56 "I'm still waitig for your reply regarding your FTEL estimate. I made a prediction, why haven't you? Why hasn't Judith? Can't do it?".
#57 "Thomas, great sleuthing. Raleigh certainly thought $ 12 million was likely in 1997, didn't he? His predictions seem about as good as Frank's from FTEL."
#58 "I will not post any more today. Keep up the good work Tom"
#59 "And RB predicted at least $ 12 million in revenues for 1997, too, but you don't think that matters. The sales, however, have not gone up like RB thought. Will the price go down next, unlike RB thinks?".
#60 "Vic, I don't own, and never have owned FTEL. I might trade it at any time."
#61 "I think the field is great. It is the company I don't like based on past performance which I consider very important in order to establish the company's credility. If that wasn't clear before, I hope it is now."
#62 "Al, have you also spoken to WCOM recently? I'm just curious. I find it odd that everyone depends on the words of "the used car salesman and the used car lot owner" for all their information, especially when, IMO, the past news has not been real accurrate."
#63 "Small orders are better than no orders, but a small order is about as good as no progress at all. Will the carrot continue to be held out into the future? What will FTEL stockholders say six months from now if large sales are not made by the Q ending June 30, 1998?.
#64 "Even if FTEL has a good product it will be hard to sell it, IMO. It will be especially hard because of their size and, therefore, credibility problems."
#65 "The news many wanted to prop the stock up came- Cycomm. Needless to say, this news is no better than the other past news releases put out by this company. This news, like others, implies a lot and yet says nothing."
#66 " Sam, according to what Gates and other market leaders are saying, FTEL is going to have a REAL hard time ever establishing themselves in this market. They are so small of a company, with so little credibility in my eyes, that I doubt they will ever be more than just a peanut.
#67 "I'll be looking forward to the June 30th Q to see how sales are going by then. We'll see if the "storm" of sales ever comes ! We'll also have a better idea what this Cycomm news meant, which I expect to be nothing. I'll put this post in my website for future reference.
#68 "I am here because I took the time to look at this company and didn't like it."
#69 "we will all see IF FTEL DOES PERFORM sometime in the future with a "storm" of revenues. In the meantime, we'll I'll just wait and we'll see who was right."
#70 "VALUESPEC "waiting for the future to vindicate my words".
#71 " Vic, the smart money is selling? FTEL: $ 4 .31b $ 4.38 For those who think it should stay between $ 4.00 and $ 6.00, I assume you are selling at $ 4.00b? I'm reposting the False Prophet information on this thread. I think you might find it timely.
#72 "I guess the Cyclone sales didn't do much for overall revenues. When looking for future performance, look at past performance. What will the Tempest do for overall revenues?"
#73 "Maybe, in protest, everyone can sell their shares the week those results are given if they fail to produce the expected results by then ."
#74 "Charles, I have not found it necessary to dig that deep into this company. After all, look at the past ! Why would I expect the future to be any different?"
#75 "VALUESPEC"He warned others, but they didn't listen either".
#76 "I just "signed up" for some volunteer work yesterday, so I may not have as much time to post. At this point, it is pretty much a waiting game to see if FTEL can produce a storm of sales of June 30, 1998, as many expect, and I don't. "?
#77 "My advice is: If you buy this risky stock, keep a stop. A $ 3.75b stop on FTEL stock bought @ $ 4.25 should be plenty- if you're right."
#78 " They were a scam stock. That was part of how I learned how they operate. Have you looked at my posts on RACE? That stock was about $ 8.00 per share 7 months ago, and is now down to about $ 3.00. Have you
looked at . . . How is FTEL doing?
#79 "Fundamentally, I don't like this company and don't believe they will produce a storm of sales by June 30, 1998."
#80 "You can be almost positive that FTEL will come out with news in
anticipation of the expected selling, but what are they going to say? Look at the past news announcements? Anything short of a solid announcement of actual and significant sales by a reputable company will not make a difference.
During that time, you projected yourself as someone who hasn't any invested interest in this company, doesn't like it, but you told someone to>
#81 "I'd sell on any moves above $4.49b for sure, if it can get there."
Hell, ValueSpec, thats only half way thru feb. It gets awhole lot better as the months went by.
The cards are definitely stacked against you in your efforts to "disprove" MALICIOUS INTENT.
'waiting for vindication' Temp!
Bye bye!!
More to follow. |
