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Microcap & Penny Stocks : 1st Net Technologies ( FNTT ) -- Ignore unavailable to you. Want to Upgrade?

To: lindend who wrote (1648)	7/15/1999 4:07:00 PM
From: Q.	Respond to of 1827

FNTT's no-name auditor: Bewley, Argy & Company This auditor has NEVER before audited a form 10k for a reporting public company, according to my full-text search of the Edgar database. Not a single one. Moreover, if you try to find the phone number of this firm in a web search, you will come up empty. Only by phoning the telephone company's directory service was I able to find that there is a "Bewley & Co.", which has the same phone number as a "Mark Bewley, CPA".

To: lindend who wrote (1648)	7/15/1999 4:11:00 PM
From: Q.	Respond to of 1827

The co. now posts a purposefully-incomplete version of the audited financial statements. In the 7-page document that now appears on the FNTT site, it says, at the bottom of each page, "The accompanying notes are an integral part of the consolidated financial statements." Those notes are ABSENT from the web site. They were included in the full version, which the co. previously posted, until they pulled the file when Linden posted here that they reveal how Greg and Chatfield have a direct ownership of zero shares. I have seen the notes in the original full version, and they contain plenty of information that should scare away any possible investor.

To: lindend who wrote (1648)	7/15/1999 4:14:00 PM
From: Q.	Read Replies (1) \| Respond to of 1827

Among the notes that FNTT pulled from its website are the ideas that I summarize in the following posts. Remember that these notes are an "integral part of the financial statements" that were audited, yet the co. now chooses to present investors with a carefully edited version of the audited statements. I believe it is unethical for Greg Writer to publish an auditor's opinion without also providing the full financial statements that the auditor gave its opinion upon.

To: lindend who wrote (1648)	7/15/1999 4:17:00 PM
From: Q.	Respond to of 1827

FNTT paid a mere $20,000 for their online mall, NetZing or whatever they call it, and when the auditor was done with their statements, they wrote off the ENTIRE investment in this company. Maybe they weren't too impressed with the commercial prospects of publishing Brooke's singing? It appears to me that this was the company's first move to become an "internet company", and it was a complete bust.