To: sammaster who wrote (2300 ) 7/28/1998 12:13:00 PM From: Wally Read Replies (4) | Respond to of 15313
To All: Another long-term - long timer checking in. I harken back (once again) to Bill Fortune's cautionary statement concerning putting to much stock in stock activity around the INTERnet site. It went where I expected it to go. A little sooner and maybe a little higher then Bill may have expected due to the pre-announcement run (I'll let him speak for himself). One thing I know we agree on - it's a great base. I expect to see 10% to 20% up and down fluctuations until we get a lot closer to the actual INTRAnet debut. Now, the show is about to begin. This is where it starts to get exciting (and occasionally tries our nerves). Four incredibly important events lay ahead of us, and all within about 6 months. I've added my very subjective dollar value at each point. I have attached the dollar figures not as idle hope, or hype, but as required mechanical plateaus on the road to NASDAQ listing.1 . The INTRAnet site - just weeks away. This is what makes real money for the company - Prediction: 50-75 cent jump in value.2. Customer signing announcement(s). I think we can expect to hear good news shortly after the commencement of INTRAnet activity. Prediction: .50 -.75 cent jump in value.3. A profitable last quarter. Now, Wall Street will be taking a glance. Brokerages, by and large, stay far away from BBs. They don't even attempt to separate the future stars from the scams. Too much risk for their core clients. Too much DD with too little to do it with. So a profit announcement will only create (at most) a glance from The Street. It will, of course, do very nice things for stockholders. Prediction: 1 dollar immediate jump in value with momentum up to an additional dollar on more signing news.4. NASDAQ listing. I don't expect it before the end of the year because of current exchange backlogs. Also, I think FNTN benefits from any such delay. It will give the company time to build stock value and stability of value. Both are necessary to get on and stay on an exchange. Prediction: $5-5.50 dollar stock at time of listing. Wally