To: watcher who wrote (6213 ) 9/18/1998 2:01:00 AM From: Greg Hodges Read Replies (2) | Respond to of 15313
Watcher, Your question though very vague. What have they DONE. This is what I know. For starters they have been in development mode for over a year and now are in what I call beta testing with clients. Possibly even past that stage because it sounds like they are about to advertise with trade shows etc.. I use the term clients loosely, because yes, I have not seen any reports from FNTN as to them having clients (YET). But with users helping them work out bugs it only means from my DD that some of these companies that are helping them beta test as I call it, will buy into the services provided. I use the example below. I have a mapping company. We have been in development for over 1 year now. What funded it, money out of my pocket along with my partners. Why a year in development? Well first we did a market analysis, then we developed a shell of a product. After we finished the product we starting showing it to customers for feed back. And yes feed back we got and we keep refining our maps. Will these potential customers buy our product? Yes, because we are implementing the changes they would like to see. That is a no brainer. It took us over 1 year to develop maps of one National Park. But by taking the time in development mode and customer feed back, we now have reduced our development of future maps by 60%. I use this example because this is what I believe FNTN has done. What have they done? Well for starters they have introduced thier website to the public which is very slick. This is to show to the public what capabilities they have. It still has improvements but all websites do. Have I seen the actual Intranet, Video, Advanced charting. NO!!!!! That where my DD kicks in and I call the company. Do I believe them? Yes because I believe in what they are doing. Why? Because I have verified who they are who they are teamed with, and other odds and ends. I think what you want for your sound DD is, financial statements and numbers. If that is what it takes for you to commit to buying then that is your buisness. As for me and my strategy, I am willing to take the risk because I know the process of any startup company. To each his own. MOST IMPORTANT-----I don't try to force answers out of anybody on the thread. These people on the FNTN thread don't work for the company. I can either believe them or not. If I have doubts I ask logical questions. If I'm still in a state of dis-belief then I try to research the subject myself. Not by throwing up claims that this company did it this way or that. Also, if I refute what someone has to say I don't start bashing the thread because I disagree with that indivdual. AS I have stated I am taking my risk with what stock I bought. I don't state "this one is going to the moon" or "it will be 30 dollars by next year" I'm not that type of investor. But I am long with FNTN. Regards Greg Hodges