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

To: dharampal luthra who wrote (2411)	7/30/1998 8:40:00 AM
From: Michael T Currie	Respond to of 15313

> I justdont see them floating an extra 50 million shares or something like that. Raising needed funds using stock is IMO better than borrowing if there is any danger of default on the loan. Stock sale is more expensive if the stock price is low but potential is huge. I think that in this matter we should trust the management to make a good decision. I think it's clear by now that management is averse to shareholder dilution. Think how long they have had to issue shares and apparently have not done so. A huge red flag for me in any stock, particularly BB's, is a large float. As I have said before, this is a big attraction of FNTN as an investment. Bottom line - I agree, we should trust management to make the best financing decisions. If they are operating with the low overhead that has been suggested here, only enough funds to finance the next stage of growth should be necessary. Cash flow should be strong from mid 1999 (?) onward. Mike