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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: J Spragg who wrote (13654)8/9/1999 10:06:00 PM
From: C Horn  Read Replies (1) of 15313
 
Jim,

It looks to me like we are down to which words should
be capitalized and other similar items.

For example in Amendment #3 on page 2:

"APPROXIMATE DATE OF COMMENCEMENT OF PROPOSED
SALE TO THE PUBLIC:"

Amendment #4 on page 2:

"Approximate date of commencement of proposed sale to the
public:"

........................................................................
One interesting addition in amendment #4 near the end
of the filing (page 84 of 98) in the prospectus - there is
a recap of the costs associated with the filing totaling
$ 180,000.

SEC fees 8521.43
Accounting 30,000.00
Blue Sky 25,000.00
Printing 30,000.00
Legal 70,000.00
Misc 16,478.57

HOLY COW!!

I wonder how many small OTC:BB companies can afford
to go through this expense to obtain fully reporting status.
I know that the alternative is to simply file the 10SB - but
believe me, the filings are very similar and the 10SB would
also be very costly.

CH
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