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


To: Eric G. Erpenbeck who wrote (807)2/11/1998 1:29:00 AM
From: sammaster  Respond to of 2897
 
hi
we have to remember that one year ago with no groundwork laid yet and revenue only in the distant future people had paid around 5 dollars per share for this stock.....those people have now all sold by now for tax loss reasons maybe and there is a whole new crowd that bought even as low as 15 cents when there was a massive volume burst where someone accumulated a massive amount of shares. so it is very likely that most people at this point are showing a profit and so people are willing to sell their shares and move to another stock or rebuy this one as it drifts back lower.
now revenues are nearly here and we got in at a great price since the original shareholders weren't patient and dumped their shares.
remember the price is this low because it took that long to implement the foundation of the company, not because of bad news or bad management or other factors that usually bring down stock prices.
of course i may be wrong in all this but that is my theory at least.

samir