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: Kevin McKenzie who wrote (3810)	8/18/1998 11:24:00 PM
From: Ariella	Read Replies (3) of 15313

Dear Kevin -- don't browbeat yourself too much. SEC language gives every normal person a headache. But some thoughts about all the time today given over to the "mystery" of the number of shares outstanding. After reading the paraphrased conversation with Maura given in post 3720, I'm wondering why her reported answer in response to revenues being on target (and, therefore, eps) -- "she is not involved in the financial aspects of the company, that is MS responsibility, she reckons though they maybe off by couple of months" -- didn't get the most attention. The $2.5 million net profit (52 cents/share) Mike Sheppard projected in his July 1997 release for fiscal 1998 has already been reduced to 15 cents/share by virtue of share dilution. Revenue "off by a couple of months" sounds to me like the break into the black has been pushed back a quarter or two. Her reported description of the US Fortune 1000 rather still looking into the question of intranets -- as opposed to dialing the phone and signing a contract -- makes it sound like the field is still very much emerging. Perhaps a lot of corporate spending that might have gone into intranets may have been temporarily siphoned off into the Y2K problem. The field is definitely emerging, but the pressing question is how solvent is FNTN -- how much losses can it rack up as a start-up must -- before going back to the well to sell more shares? Isn't this what really makes it so hard to get a BB stock to jump onto the NASDAQ? That most don't come with big financial backing and must struggle to fund development costs? So in a way, the question about how many shares are outstanding is still relevant even though the single question posed has been answered. Regards, Ariella

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