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Microcap & Penny Stocks : THNS - Technest Holdings (Prev. FNTN)
THNS 0.00Jun 7 5:00 PM EST
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To: Michael T Currie who wrote (7278)10/7/1998 4:46:00 PM
From: The Philosopher  Read Replies (2) of 15313
 
I fear you are letting reality intrude on irrational exhuberance. But nonetheless, I agree with you.

One thing you failed to mention: while FNTN needs Siemens, and Siemens has certainly said nice things, there does not appear to be any contract or legal relationship that Siemens couldn't sever in a matter of moments if they chose to. Even if FNTN did $50 million in sales next year, how much of that would really wind up in Siemens pocket, and how much would they miss it? They are a big enough company to drop FNTN without even noticing it. Not that I have any reason to think that they are going to. But I was in the high tech business long enough to see a lot of solid relationships evaporate in a matter of days or even hours, and it's always the big guy who comes out clean. When the little guy runs with the big guys, both the potential rewards and the potential risks are magnified dramatically.

Those who tout the Siemens relationship as the saving grace of FNTN may not be recognizing the very high risk that goes with that. Personally, I would prefer to see FNTN making it on its own without needing to rely on one big brother. But for now, that's the way it is, and I suspect that those people with green eyeshades realize it and are factoring that into the perceived value.
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