Added FNTT (.035x.04) to Profile List.
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SYMBOL: FNTT
Name: 1st Net Technologies, Inc.
Shares Outstanding: 6,945,892 as of 05/01/2001
Share Float: 6,100,000 (per Market Guide)
Cash on Hand: $866
Cash Per Share: NA
Total Debts: $889,947
Contact Name: James H. Watson, Jr. Principal Executive Officer
Contact Phone Number: (303) 738-8994
11/14/2001 09/30/2001 10Q
(303) 738-8994
As of November 13, 2001 there were 6,945,892 shares of the Registrant's common stock outstanding.
Cash $ 866
Total current liabilities $ 889,947
The Company has no operations at this time. In the future, the Company may seek to acquire or develop business units, which can sustain the Company as an on-going business concern.
LEGAL PROCEEDINGS We continue our litigation against Millennium Financial Publishing, LLC ("MFP"). Please refer to Form 10-QSB for the quarter ended June 30, 2001 for detailed information. The Company is currently a party to three (3) creditor lawsuits filed against us. The first suit was filed by Bowne of Los Angeles, California in the amount of $61,235.25. The second suit was filed by Integrant, Inc. of San Diego, California in the amount of $81,349.00. The third suit was filed by L.A. 11 Commercial Group, Inc. in the amount of $2,665.71. All three suits were filed in San Diego County, California. The Company has recorded the above litigation liabilities in its financial statements. There is one (1) California Labor Board claim filed against the Company by a former employee. The claim is pending as of September 30, 2001.
James H. Watson, Jr. Its: Principal Executive Officer and Principal Accounting Officer of the Registrant
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