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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: JOHN WHITE who wrote (10010)1/9/1999 3:47:00 PM
From: Wally  Read Replies (1) of 15313
 
John: I totally agree with you about the potential pluses of an expanded share count.
IF in fact FNTN is very close to looking attractive to the larger investment community (especially Mutual Funds) they must have enough shares to accommodate these people.
As my friend at Smith Barney said, when it comes to investing in a little BB stock, large brokerages (et al) are (usually) immediately scared off by 2 things.
1. That it IS a little BB stock and therefore too high of a risk to fit their criteria.
2. That if they buy too many shares the brokerage will end up owning the company by accident (and they're not in the ownership business - believe me).
So having enough available shares is absolutely essential to the growth of a company IF they are in fact growing.
A truly stagnant company (or unhealthy one) often doesn't benefit from raising cash in this manner.
In FNTN's case, the historical buying patterns in the company, the low burn rate and the buzz of positive activity (and rumor) all strongly suggest that management has made a smart and timely move. Waiting until after FNTN is "discovered" to print shares would totally destroy the momentum of the stock.
If FNTN is an embryonic Broadcast.com, or has even 1/50th of the potential, I would suggest to MS that he buy a faster printer !
He's going to need it.
Wally
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