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Microcap & Penny Stocks : THNS - Technest Holdings (Prev. FNTN)
THNS 0.00Jun 7 5:00 PM EST

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To: VANTAGE who wrote (4924)9/1/1998 9:52:00 AM
From: ilh1  Read Replies (2) of 15313
 
This info was posted on Raging BULL:

======================================================================

By: pjamk
Reply To #51 by pjamk
Monday, 31 Aug 1998 , 9:36 AM EDT
Post # of 53

Response from Michael Sheppard!

Mr. Michael Sheppard;

Greetings from all of us at the FNTN thread on the raging bull. The
following is a list of questions that have been compiled from FNTN
investors. Please answer the following with yes / no / no comment
answers. Also please feel free to provide more detailed answers when
appropriate.
C: My comments

Are you sitting on news waiting for the right time for a release?
YES
C: As expected

Will we see a news release this week?
NO
C: See previous reply from MS

What is the number of shares outstanding?
THE NUMBER THE TRANSFER AGENT GAVE HAS TO BE CORRECT
AS THEY ARE INDEPENDENT OF US.
C: 19 million? I have seen this tossed around, does anyone know what number the transfer agent is
using?

How many shares are in the float?
13 MILLION SHARES
C: I thought it was 11

Are you planning a reverse split?
NO
C: This is music to my ears, and I'm sure everyone elses also

What is the approximate date for intranet launch?
SOON
C: As expected

Have the sales force signed any contracts with users?
YES
C: Wonderful news, I can't wait to here the details

Will we see audited financials prior to 9/30/1998?
NO, BUT THE FIRST AUDITED #'S WILL PROBABLY BE FOR THE PERIOD
C: I hoped for sooner, but this is probably to be expected!

Are there still only 6 employees?
NO, 7
C: I wonder who the new person is, a secretary? Or a major player?

Are you still seeking a listing on the nasdaq or some other exchange?
YES
C: As expected

Can you share any progress?
NO
C: This is the second part of the above question and I would have been shocked if I the answer was
anything else

Disclaimer: Every effort has been made to assure the content of this post is accurate including
sending a copy of it prior to it's release to Michael Sheppard. It is accurate to the best of my
knowledge at the time of this posting. The responses were received from Michael Sheppards private
email address, No guarantee can be made the actual person providing these responses is Michael
Sheppard President of FNTN. In my opinion based on a previous conversation by phone and via
multiple email's these answers are from Michael Sheppard. All investments carry significant risks,
especially OTC stocks.
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