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Strategies & Market Trends : Sharck Soup
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To: Bid Buster who wrote (23072)5/16/2001 1:20:48 AM
From: Devin123  Read Replies (1) of 37746
 
AGREE with SCAM on FANTE!!! Read this:

biz.yahoo.com

interesting paragraphs...

>>The Company has been notified by NASDAQ that due to its delinquency in the filing of the Form 10-KSB for the fiscal year ended 12/31/00, that its trading symbol has been changed from FANT to FANTE (Nasdaq:FANTE - news) and FANTW to FANWE. This delinquency will be considered by the NASDAQ listing qualifications panel at the Company's hearing scheduled for Friday, May 11, 2001. The Company said that its plan will include a reverse stock split to meet NASDAQ stock price requirements following the filing of its quarterly financial information. Finantra said that the less than $1.00 stock price and the delinquent filing of its Form 10-KSB are technical issues that jeopardize its NASDAQ SmallCap status. There can be no assurance that the submitted plan will be accepted by the panel for continued listing.

and this:
>>Finantra also said that its $3.65 million loan with BHC Interim Funding LP, which provided some of the funding to acquire Travelers, has lapsed. The Company said its inability to secure a credit facility has hindered efforts to rebuild its portfolio and generate the revenues required to repay the BHC loan .

... sounds like they're trying to drive their price up to keep from being delisted. Doubt they are a buyout candidate. Looking at their balance sheet, their cash is heading south and their liabilities went up ~75% in one year.
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