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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: TsioKawe who wrote (14361)10/3/1999 10:34:00 PM
From: JW@KSC  Read Replies (1) of 15313
 
Re: new issues

From what I recollect about the new issues is that a post referenced as stating he has buyers for the new issued stock. whether or not I believe anything posted in his referenced statements is beyond the point.

If the shares are sold in the open markets then someone obviously would rather have the cash then the shares, and this should answer all questions pertaining to this issue.

If they are sold as a Private placement their is a new regulation forbidding the sales for one year from the dates
of PP exchanges and the FNTN company recieves the cash. The buying institution or individual becomes restricted from immediate sales of shares.

The second scenario is better for the current shareholders as dilution will not be immediate.

I have no position

Tsio


From the MS Chat:

SusanH> One of the stated purposes for the approval of additional stock at the December meeting was for Acquisitions -- could something along those lines be possible soon?

SPEAKER_Msheppard> Something along this line is possible.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

If new stock issues were used for an Acquisition, then the acquired company would have to believe the stock would appreciate far beyond the current price.

As I recall the possible price range $2 - $3 per share.

Comments?
JW@KSC
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