THNS - Technest Holdings (Prev. FNTN) Message Board

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Microcap & Penny Stocks : THNS - Technest Holdings (Prev. FNTN)

THNS 0.00

Jun 7 5:00 PM EST

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To: jpbp who wrote (3129)	8/7/1998 11:15:00 AM
From: Burley	Read Replies (1) of 15313

jpbp - Thanks for the recap of 1998 IPO's and your thoughts. I am optimistic, but cautiously so, trying to temper my glassy-eyed enthusiasm. One observation: Even though most of these IPO's ran up to a market cap of $2 Billion, also consider that most of them began at a much higher IPO market cap than FNTN, say between $500 Million and $1 Billion. In contrast, FNTN began at $6 (IPO price)X 16 Million shares, or around $96 Million. (Does one count the float only or total outstanding shares to calculate market capitalization? Calculated on the float, it's around $72 Million) Does this make sense to anyone? Your profit comments are much appreciated as well. I just hope the market doesn't wait to see 4 Q results before bidding up the price! Yoiks and Tally Ho! Burley

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