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Re: FTS Group Subsidiary OTG Technologies Completes Initial Phase of Potential Multi

Posted by: xanada on June 26, 2008 02:33PM

In response to: Re: FTS Group Subsidiary OT... by skeedad

Skeedad....I think if you read the PR, there are two topics:

a) the OTG arm is working on a new revenue stream and this is the first $150 of potential million $ Revenue! Yes, it is a fluff PR, but it announces the potential of increased OTG annual revenue.

b) the reference to "integrating assest" refers to integrating OTG in the FLIP umbrella, IMO, and is not directly talking about the fluff above...

As an aside, the reference by someone on iHub to "weekly" PR's suggested by an SG conversation, means we can continue to see more fluff PRs, IMO. Also, the mention of updating financial info and buyback is good news that MIGHT come to fruition.

Post is below:

Posted by: loganwolverine Date: Wednesday, June 25, 2008 4:24:20 PM
Post # of 3878

I just got off the phone. WINNER in the making. The convertibles(300k worth) are just about done. Only around 10,000 worth as of yesterday. With the volume today, I speculate it is all done. The company with the latest transaction is worth $32 MILLION now. Transaction complete, but integration is taking a little longer than anticipated. Updates to come on a weekly basis starting next week. Buy back in the works after the summer.
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