I have received a response from Alan Ross to my request for financial data. His response, in full, was:
Sorry for the delay in responding to you. We're in the process of a
year-end audit, and with your background I'm sure you know how
time-consuming that can be.
FNTN is not yet an SEC reporting company and, as such, is not required at
this time to release financials to the public. As a result, I cannot provide
you with the information you requested. I can tell you that the results of
1998 were not material in nature, and shortly, when we become a fully
reporting company, a 10K for 1998 and 10Q for Q1 1999 will be available.
My reply was:
Thank you for the reply.
I understand that you're not required by the SEC to release financials.
I'm not sure how you get from there to the point that you CANNOT provide copies of audited and interim financial statements. Indeed, you have in the past released some financial information, so presumably you can provide such information if you want to; I am only asking for more complete information on what you have already released.
I am also not aware of what if any laws there may be in Nevada concerning shareholder rights to financial information. I know there are such laws for Washington companies, but don't know whether Nevada has similar laws. Are you aware of any right to inspect books and records under Nevada law?
Thanks again for your response.
Chris Hodgkin
It's interesting that the financial results of an entire year of work are not considered "material." Raises the curiosity level.
Well, time will tell. Till then, I for one am keeping my money in my wallet. When we finally have some real information, that will be time enough for me to look further.
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