To: vic klimpl who wrote (36217 ) 7/16/1998 12:27:00 AM From: Doug Best Read Replies (2) | Respond to of 41046
Vic: Regarding the preferred shares, I think its actually 10% in any given month, according to what I was told today. Additionally, I was told that the amount of preferred shares converted was nominal, as several reported on this board today. All of this talk about investor confidence by some on this board...I think its baloney, at least in terms of talking about the stock price and FNET share distributions to FTEL shareholders and 144 sales, etc. The real problem is: does the average investor really understand what the recent announcements mean for this company? We are about to light up several different domestic and foreign locations. We will be continue to penetrate many different countries and domestic locations in the near future. All of this sounds great to me, but how can I really get a grip on what it actually means? I am not sure that question can be answered. What type of revenues can we expect on the average from each pop or city? I am confident, from the reports on this board, that the Tempest is a quality product and that FNET will provide a valuable service. But, what is the marketing strategy for FNET? How successful will they be in attracting a customer base? I think they will be successful, but to what magnitude? Can we expect to generate 1K revenue per month per POP on the average? 5K? 10K? 20K? 50K? 100K? These questions are very difficult to answer and or speculate on. What is a realistic number? None of these questions can probably be answered until select FNET cities are up and running. So, right now, we are all placing bets on the management of FTEL and FNET and the quality of the Tempest. The easier thing to get a grip on is hardware sales. An order is an order unless its to Intrine <G>. I am sure some people are waiting to see meaningful outside orders of the Tempest before they regain their confidence and consider FTEL to be a good investment. In the meantime, they are missing the progress behind the scenes as the FNET network is being built and as the service is made available.