Financial Intranet Inc. (OTC:BB:FNTN) Message Board

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Microcap & Penny Stocks : Financial Intranet Inc. (OTC:BB:FNTN)

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To: Jim Porter who wrote (2564)	6/24/1998 6:19:00 PM
From: Wally	Read Replies (2) of 2897

Jim & Bill: Perhaps the question of stock buy-back should be posed to Michael Sheppard. Considering their self-imposed priorities/timetables for NASDAQ listing & profitability, it should be a question with a straight answer. Multiple events will be required to significantly raise the stock's value - positive news, positive sales AND (I agree with Jim) reducing the float. A reverse split reduces the float, but usually beats the hell out of the stock. It's generally NOT the method associated with the deliberate and conservative approach shown so far by FNTN. Weighing FNTN's need to both gain AND retain a NASDAQ listing, a buy-back seems to be the only logical choice. So the question to MS is "ARE you considering a buy-back to reduce the float and by what means would you pay for it and over what period of time? He may not wish to answer these questions now, but I have to believe he already knows the answer. Good question, Jim. Anybody have any thoughts to the contrary? Wally

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