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Microcap & Penny Stocks : Financial Intranet Inc. (OTC:BB:FNTN) -- Ignore unavailable to you. Want to Upgrade?

To: T.M.K. who wrote (535)	11/24/1997 8:36:00 AM
From: jpbp	Respond to of 2897

I'll comment on the floating shares. Do the math folks. Back a couple hundred posts, the company said they had 4.8 million float. Now it is nine million. This is my worst fear!!!!!!! Nine million float means that there is now roughly 12 to 13MM outstanding. I would sure love to see financing of debt instead of issuing shares. Guess it's at our expense. And I suspect they aren't finished. BEWARE is all I have to say about that. This stock was attractive when it had such a small float, but if their product is so great and they are so close to completion with their services, why not do the stockholders a favor and take out a loan instead of pumping out more shares. This tells me a lot about this company, and I'm glad I'm out. I would love to get back in and maybe they will be successful, but I'll be back in when they put somethings in writing (if they ever do), like financial results and a propsed business plan. Good luck to all. j