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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: Dr. Stock who wrote (13650)8/9/1999 7:53:00 PM
From: C Horn  Read Replies (2) of 15313
 
Additional Shares.

There are "only" 6 million additional shares
to be issued. The other shares that you speak
of refer to shares that are either already issued,
or are subject to existing options or warrants.

The selling securityholders are converting their
shares from restricted to unrestricted by including
them in this filing.

This is a quote from the filing:

"The selling securityholders may sell the shares of common
stock from time to time."

It is up to each investor to decide whether or not he or
she believes that the selling securityholders will flood
the market with those shares. Actually, there has been
nothing to keep them from flooding the market with those
shares over the past months. For example - Barry S. is
registering 5.9 million shares. He could have easily been
selling these shares over the past months by simply filing
form 144 prior to sale.

I believe he will still have to file form 144 after SEC approval
because of his large ownership position.

CH
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