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Microcap & Penny Stocks : 1st Net Technologies ( FNTT )

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To: Greg Writer who wrote (1582)	6/13/1999 12:55:00 AM
From: Jeffrey S. Mitchell	of 1827

Talk about corrections... On Wednesday we learn that FNTT will acquire 86% of The Children's Technology Group: 1st Net Technologies Inc. (''1st Net'') (OTCBB:FNTT - news) announced today that it has completed the sale of exclusive licensing and marketing rights for the Crayon Crawler Web Browser and other Web enabling technologies to The Children's Technology Group(TM) Inc. Per the terms of the agreement, The Children's Technology Group(TM) has paid consideration of $400,000 in cash, a stock option for 1st Net to acquire 4,000,000 shares of The Children's Technology Group(TM) common stock representing approximately 86% ownership in The Children's Technology Group(TM), and a 5% royalty on sales. biz.yahoo.com Then on Thursday we learn that the Children's Technology Group is a "wholly-owned subsidiary"! The Children's Technology Group(TM) Inc., a wholly-owned subsidiary of San Diego-based 1st Net Technologies (OTCBB:FNTT - news) biz.yahoo.com Care to explain how you buy a company that is already a wholly-owned subsidiary? - Jeff

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