Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: zonkie who wrote (1747)	11/3/1999 11:29:00 PM
From: Arcane Lore	Respond to of 1827

It may mean the 10SB12G (as amended) is either still under review by the SEC or that SEC questions/comments have arisen which require another amendment.

To: zonkie who wrote (1747)	11/3/1999 11:35:00 PM
From: Q.	Read Replies (1) \| Respond to of 1827

Zonkie, it appears that FNTT is getting the "E" along with lots of other BB stocks beginning with FM to those beginning with GS. otcbb.com What is required to avoid this is not only to file a form 10, but get it accepted with the SEC. Apparently FNTT has failed to do the latter. After filing the form 10, which FNTT did, the SEC can respond with comments. This requires that the registrant file an amended form 10, which FNTT did also, as you noted. The SEC can again respond with comments, and the process can repeat until the SEC decides to offer no more comments, in which case it has effectively accepted the form 10. This latter event is required by the OTC:BB to remain listed. Apparently the SEC still isn't satisfied with FNTT's form 10. <edit -- I see that Arcane Lore has already answered this question>