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

To: hoopsville who wrote (3018)	8/5/1998 11:54:00 AM
From: Michael T Currie	Read Replies (1) \| Respond to of 15313

> When a potential stock buyer looks the above URL, it's bound to be a major turn-off as it looks like a broad vote of insider's no-confidence. It makes me very uneasy and I'm a stockholder. Why? All they have done is renew the 144 filings. They didn't sell on the recent run. Can we say that the next one will be any different? > Doesn't management care about appearance--they should. Perhaps they care about feeding and housing their families. Anyone know what sort of salaries the officers are drawing? Peter Lynch said in one of his books that he rarely paid attention to insider sales (paraphrase, but you get the intent). There are simply too many reasons for those sales, particularly in a small company. Mike

To: hoopsville who wrote (3018)	8/5/1998 12:24:00 PM
From: Bill Fortune III	Read Replies (1) \| Respond to of 15313

Greetings Tom, let me answer you two questions this way: Your first questions: << What sort of time must elapse before the time that insiders file and they can sell? Unless the insiders think FNTN might spike up and go right back down, why don't they wait to file until the stock levels off at a decent price? What's the hurry to file, especially if filing is only good for 3 months? >> My opinion: Because of their position with a public company they must, by law file a 144 in order to sell stock on the open market. There are time frames and time constraints that they must follow, again by law. Like Mike said to you they need to have available to them the right to sell stock from time to time for whatever reason(s). We do not have any of those constraints, we can sell anytime we want. Your second questions: << When a potential stock buyer looks the above URL, it's bound to be a major turn-off as it looks like a broad vote of insider's no-confidence. It makes me very uneasy and I'm a Stockholder. Doesn't management care about appearance--they should. >> My opinion: At the present time there are only 187,500 share listed that could be traded and this represents only 0.0117 of the total shares of approximately 16 million. I feel that no negative appearance can be construed for any reason based on what I just stated. Manager is only following good form, procedures and law. Hope this helps. Regards, Bill Fortune III

To: hoopsville who wrote (3018)	8/5/1998 1:06:00 PM
From: Michael Baron	Read Replies (1) \| Respond to of 15313

Insiders" 144s are filed and good for a 90-day period. Then they expire and must be refiled to cover potential sales for the next 90 days. NOTE THE PRICE COLUMN!!!! If no figure appears, there was no sale. If they waited to file until the stock achieved a price level they wished to sell at, they would be restricted to the window between the acceptance of the filing and 90 days hence. Since stock has been, in most cases, issued to insiders in lieu of salary, perks, in return for investment, etc., they may decide to file so they can sell if their personal finances get tight, whatever the current price. If this is a concern, examine the difference between teeny weeny BB stocks, their capitalization, start-up costs, renumeration for personnel, and perks, and issues on the Big Board, where established companies are able to offer fortunes in stock and salaries to come work for them. It's a different ballgame. Note again that no one has sold anything, yet. All the best, M.