This telephone company is just being capitalized. This is their first public offering of stock.
They presently plan to raise 12 million dollars and manufacture a dial-telephone. This process reportedly will revolutionize the use of the telephone. Their management is young and inexperienced. Any capital invested should be considered high risk. But currently, their stock is one of the hottest on the exchange. It has tripled in value since it was placed on the market less than two months ago. |