To: VALUESPEC who wrote (38278 ) 10/3/1998 4:23:00 PM From: Seth L. Respond to
Have revenues per share increased? Probably negligible if they have. You are correct that at the present rate of revs that the per share math has been diluted. The question goes a lot deeper for those that are investing in the future here. Bottom line is that this is just a taste of what future revs might bring if the market opens up like most major players like Cisco expect it to. Another words even 30M shares issued would still be a small amount compared to the buying interest that will be generated if the stay this course. How many shares were issued which in effect dilutes any alleged progress? How big was the loss this quarter? Another smoke screen my internet equivalent to a nat flying around my head. Sooner or later you will become a black smudge. This quarter means dick other than indication of the companies progress and growth.but how are the expenses? Last quarter, didn't they spend over $ 2 mil more than they made? Yepper , I am sure that you stand for the idea that a startup company should not invest in themselves to institute growth and potential revenue increase in return. I am sure you would invest in a company that cooks the books and pays a dividend.They had about $ 5.7 mil in cash. How long will that last? Didn't they burn another $ 2+ mil since June 30th? Then they might only have $2.7 mil or less ! That means one more quarter and things could get nasty If If If only to be followed by Risk Risk Risk. Well I could be just as persuasive by saying that if Sutro finalized a large dollar PP than I guess things would get nasty for some people that may be holding short positions. My suggestion is for all that are invested to watch carefully and pay attention to all the information and stop the focus on just negative information. If this company was as bad off as some of these posters have tried to portray than we would be wall papering our bathrooms already with the shares we own. I am not sure where this will end up yet but I myself still believe that they are moving in the right direction.On the other had, it is nice to see revenues increasing, but is it too little too late? I suspect it is,but who knows? Wow that was interesting you state like your sure of what you are saying than you end it with who knows. Fact is you do not, do you?What is the quality of the revenues? We'll see when the 10Q comes out. It is then that we will know the whole truth. YES we will.In summary, I think there is still a lot of serious concerns for this company, and it appears they will run out of cash before they make a profit. Although sales are better than I expected, the burn rate is much worse than I expected. And, of course, I don't know how they generated those revenues or what the quality of those revenues is. For instance, did they get a one-time payment of some type? Is a stream of revenues about to end? What a bunch of BS IMO In summary you are so busy trying to turn a negative out of a positive that you maybe missing an opportunity to turn your CD losses into FTEL profits. But to steal your line we will see if my opinions will be vindicated over time.
