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

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To: Q. who wrote (1703)8/30/1999 7:46:00 PM
From: Q.  Read Replies (2) of 1827
 
Form 10: Gregory D. Writer, Jr., our former Chief Executive Officer from 1997 through June, 1999. James H. Watson, Jr. became our Chief Executive Officer on June 29, 1999

Funny that FNTT didn't bother to announce the material event that the top executive was replaced.

The dates in the form 10 and the newsreleases are inconsistent. Here's an excerpt from a July 7 news release, issued AFTER Writer was gone, according to the form 10, in which Writer was quoted as being chairman:

SAN DIEGO--(BUSINESS WIRE)--July 7, 1999--1st Net Technologies, Inc. (OTC BB:FNTT - news) today reported audited financial results for its calendar year ended Dec. 31, 1998.

<snip>
''We are very pleased that the $1 million revenue milestone, the first in our history, was achieved in conjunction with innovative service introductions,'' said Greg Writer, 1st Net's chairman
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