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

To: David W who wrote (3157)	8/7/1998 7:39:00 PM
From: Bill Fortune III	Respond to of 15313

Good evening David, re: Insider Trades. This has been talked about many times in the past but I will revisit it once again: The current insider trading chart can be found at this site. biz.yahoo.com In regards to the above chart that list the insider trading data I find the following to be true about it Michael Sheppard has available to sell 80,000 on or before September 11, 1998 80,000 on or before October 22, 1998 Douglas L. Nicholson has available to sell 2,500 on or before August 28, 1998 Barry B. Stein has available to sell 10,000 on or before September 3, 1998 Michael J. Daniels has available to sell 17,500 on or before September 8, 1998 Maura Marx has available to sell 80,000 on or before September 11, 1998 The sum total of all these shares is 270,000. This equates to 0.0168 of the total 16,000,000 or so shares outstanding at the current time. This does equate to a tiny fraction of the whole pie. Yes if I were in their positions I too would keep some shares available for possible sale for whatever reason. Especially like you said David, "one possible scenario is their expectation that FNTN will make a significant leap over the next 60 days when news is released and systems are running. I mean a significant leap --- not just to 3 or 4. Any thoughts?" with that in mind I might want to take in some profit to be in a better personal cash position. I fully concur in your thoughts that the price is going to keep going up. But as Pat said in Post 3149 and I quote "I agree wholeheartedly with your renewed projections. Also I believe we will see great volatility at times. Its a mistake to try and trade a good stock like fntn. The real risk is losing your position. Stay long...long ...long", the word VOLITILITY is important to remember because there are going to be plenty of down day for FNTN. Message 5442653. So if you believe and are long on the stock you will hold. But that is up to each individual and their personal needs and investment styles. Today as many in the past makes for FNTN and its investors to go to bed and sleep well. FOR EVERYONE'S UNDERSTANDING THE FOLLOWING IS INFORMATION IN REGARDS TO WHAT THE FORM 144 IS ALL ABOUT: Form 144: Intention To Sell Restricted Securities Form 144 filings are indicated by ''Planned Sale''. Form 144s must be filed as notice of the proposed sale of restricted securities. Restricted securities are those that are acquired directly or indirectly from an issuer or an affiliate in a transaction (or chain of transactions) not involving a public offering. An insider may file a Form 144 and not actually complete the sale. If the sale was completed, the insider should have filed a Form 4, indicating the transaction was completed. Form 144s contain additional information which may be beneficial. The data includes the name of the brokerage firm, insider's address, phone number, and the dollar amount of transaction. The amount of stock an insider may sell is ''restricted'' by a number of factors, such as shares outstanding, trading volumes, etc. The Form 144 must be filed prior to, or on the approximate date, of sale. When searching for Form 144s, keep the following considerations in mind: The filing of Form 144 is not required in any case where the amount of stock to be sold during any three (3) month period does not exceed 500 shares and the aggregate sale value does not exceed $10,000. If the seller does not sell all the stock covered by the form within 90 days after the filing, the filing process must be repeated before the commencement of further sales, except in cases where the passage of time has extended the seller's holding period. Regards, Bill Fortune III