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Microcap & Penny Stocks : THNS - Technest Holdings (Prev. FNTN) -- Ignore unavailable to you. Want to Upgrade?

To: J Spragg who wrote (13654)	8/9/1999 10:06:00 PM
From: C Horn	Read Replies (1) \| Respond to of 15313

Jim, It looks to me like we are down to which words should be capitalized and other similar items. For example in Amendment #3 on page 2: "APPROXIMATE DATE OF COMMENCEMENT OF PROPOSED SALE TO THE PUBLIC:" Amendment #4 on page 2: "Approximate date of commencement of proposed sale to the public:" ........................................................................ One interesting addition in amendment #4 near the end of the filing (page 84 of 98) in the prospectus - there is a recap of the costs associated with the filing totaling $ 180,000. SEC fees 8521.43 Accounting 30,000.00 Blue Sky 25,000.00 Printing 30,000.00 Legal 70,000.00 Misc 16,478.57 HOLY COW!! I wonder how many small OTC:BB companies can afford to go through this expense to obtain fully reporting status. I know that the alternative is to simply file the 10SB - but believe me, the filings are very similar and the 10SB would also be very costly. CH

To: J Spragg who wrote (13654)	8/9/1999 10:32:00 PM
From: C Horn	Respond to of 15313

Jim. I am not sure if this is the last filing, but the short turnaround time is a good sign. It probably indicates that we are down to just a few items. FYI - Here is the SEC can be - This is the evolution of the first sentence under RISK FACTORS in the 5 filings: 1. An investment in the Common Stock of Financial Intranet involves a high degree of risk. As prospective investors you should consider the following factors, in addition to the other information included in this document, before purchasing any of the shares offered. 2. Investors can have difficulty evaluating our prospects because we recently commenced business. 3. Investors can have difficulty evaluating our prospects because we recently commenced business. 4. INVESTORS CAN HAVE DIFFICULTY EVALUATING OUR PROSPECTS BECAUSE WE RECENTLY COMMENCED BUSINESS. (note - the person who reviewed the 3rd filing likes capital letters) 5. Investors can have difficulty evaluating our prospects because we commenced business in the fall of 1998 and have a limited operating history for investors to analyze. ....................................................................................................... What an ordeal! It is obvious that different people within the SEC are working on this, and they each have their own style they prefer. Hopefully this time we will get the same person who did the prior review. CH