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

To: dharampal luthra who wrote (14093)	8/29/1999 2:08:00 PM
From: David W	Read Replies (1) \| Respond to of 15313

Several weeks ago I asked MS what form the revenues would take to account for the $5mm by year end. His response was, "This will include work in progress, booked business and receivables." Upon seeing this I felt it could be a bit of an accounting slippery slope. Work in progress and related activities may result in cash flow but might not result in recognition of income. Possibly this is what happened during the 2nd quarter to account for the "surprising" shortfall. On a separate point, I do not interpret MS's and MM's lending of funds originating with the sale of stock either a good sign or bad sign. If the company needs money, then they are well served to use part of their position to fund the current shortfall. The alternative could be oblivion. The next two months should be interesting. regards, dw

To: dharampal luthra who wrote (14093)	8/29/1999 4:30:00 PM
From: dharampal luthra	Read Replies (1) \| Respond to of 15313

LURKERS' CORNER: Dearest Peep You have no idea what was said in my conversation with Mr. Michael Sheppard so lets not make things up. A summary of my conversation is posted on the net for all to see. Attack it if you like. This is fact, it's real, what you post is your own personal SPIN on FNTN. flash.net Attack it if you like. This is fact, it's real, what you post is your own personal SPIN on FNTN. I provided a copy to Michael in advance because I didn't want to post inaccurate information. He was very grateful someone would do that, and not just go off and distort every other word out of his mouth or read too much into what was said. He read the advance copy made some suggestions, which I felt were reasonable and mostly clarifications which were incorporated into the final draft. My conversation with Michael was a private conversation between an investor and company management, after all they didn't have to take my call let alone return it and then spend 40 mins having a very pleasant conversation with me. I'm sure he finds this kind of phone call as being much more pleasant and productive than being attacked daily because things don't happen exactly as planned. You ought to try a carrot instead of a stick when your after information, you might find it to be a much more pleasant, informative & fruitful conversation. Kind Regards to ALL! Pj ------------------------------------------------------- Cant post on SI or want to post anonymously, please send e-mail to pal@pacbell.net