THNS - Technest Holdings (Prev. FNTN) Message Board

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Microcap & Penny Stocks : THNS - Technest Holdings (Prev. FNTN)

THNS 0.00

Jun 7 5:00 PM EST

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To: The Dodgy Ticker who wrote (8964)	12/18/1998 2:15:00 PM
From: The Philosopher	of 15313

if you trust the management then their prediction of profitability in late '99 (did I get it right?) looks very promising. Well, not exactly. Their last prediction was in an April, 1998 press release where they stated "On a positive note the first quarter of 1998 does include initial revenue streams from those efforts reflecting signed contracts and a number of important contracts that are currently under negotiation. Based on the evolution to date of our strategic plan, we expect to be profitable by the end of the 3rd Quarter 1998.'' So they have already missed their last announced target. That doesn't mean things are not "very promising." It does mean if we have to wait until 3Q99 for profitability, they're a year behind their announced schedule. I would also note that the "financials" they released consist only of net earnings and very rudimentary balance sheet entries, all without notes. No revenue or expense figures. No idea what their burn rate is. No statement on what of current assets are cash, inventory, WIP, etc. To an accountant, to call these financials is almost an insult.

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