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: De Peepster who wrote (11408)	3/16/1999 11:30:00 AM
From: C Horn	Read Replies (1) of 15313

Dear De Peep, The QP began on the date FNTN filed with the SEC to issue additional shares in a secondary offering. These offerings are commonly referred to as APOs or add-on offerings. Those will access to E-Trade can see add-on offerings available in the IPO section from time to time. As far is Haggerty is concerned: Upon my review of the SB-2, in late 1998 he excercised 1 mil shares at .01 per share. I don't recall how many shares he filed to sell in the 144, but I don't think it was the whole mil. My guess is that Mr. Haggery had or has quite a tax liablity in 1998 as a result of the option being exercised, but only his CPA would know this for a fact. If you or anyone else would like to see some details on how the quiet period works, it's duration etc. just send me a PM - there are various sites on the Web that explain this in detail. Hope this helps, Regards, CH

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