John,
You're welcome.
If you're worried about my credibility, don't bother, I'm not worrying about it. With regards to jumping the gun, you may have a point since at the time I hadn't finished reading the whole submission. I finished it this morning, here is my OPINION.
On the plus side.
Anyone who can read now knows a lot more about FNTN.
It looks like FNTN intends to be a reporting company.
Available Information
When this prospectus becomes effective, Financial Intranet will begin
to file various documents that are required by the Securities and Exchange
Commission. These include annual reports, quarterly reports, special reports and
proxy statements. Financial Intranet plans to give its stockholders annual
reports containing audited financial statements, all other reports which
Financial Intranet is legally required to provide and any other documents which
Financial Intranet believes its shareholders should have.
There was some revenue in 1998. Mostly from telecom services.
The selling shareholders found in the "Alternate Prospectus" are not FNTN employee or directors.
On the negative side.
It looks like the company was facing or near bankruptcy. My opinion only, but that's how I interpret some of the "a going concern" statements. To avoid this they sold warrants and promissory notes and promised to register the securities.
The maximum exercise prices range from .40-.64.
The bottom line is still, more shares out..
Shares of Common Stock 3,000,000
Shares of Common Stock underlying Warrants 5,258,333
Shares of Common Stock 92,994
Shares of Common Stock underlying Promissory Notes 6,975,000
Bye. bye for now.
Tom
ps: Maybe your credibility would be a little higher if you spent as much time discrediting the message as you do discrediting the messenger. All this is just my opinion.
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