Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: T.M.K. who wrote (3727)	8/18/1998 5:27:00 AM
From: FJ	Respond to of 15313

TMK - Many thanks to you and Maura for the update! MM (Maura Marx) and MS - Hope you get well soon! Another person longggggggg on FNTN!

To: T.M.K. who wrote (3727)	8/18/1998 8:09:00 AM
From: Radim Parchansky	Respond to of 15313

Seems like there will be news within a week or so. Maura Marx mentioned example of GE planning of Intranet which means that future FNTN contracts with similar (not in size perhaps) clients will have very large revenues attach to them. FNTN management looks very confident and this is very very good sign since they know the best where they are heading. I've seen other OTC company managements showing much less confidence consequently followed by no progress and stock price fall. FNTN looks like a winner and serious player in a market where GE plans to spend $5B (http://206.253.196.11/~wsapi/investor/reply-5500749)! Radim

To: T.M.K. who wrote (3727)	8/18/1998 8:22:00 AM
From: Robert W. Dog	Respond to of 15313

TMK, Great post. This line to me is the most important: Maura Marx said: " Management are all very optimistic about the potential for this company.. They are putting their sweat and blood in this company.. They could have very good jobs elsewhere if they wanted.. ". This to me is the best way to express the good gut feeling WE ALL have about FNTN's vision, management and potential. It really is as she says: there are so many good, highly rewarded jobs for grabs everywhere for these people. If they stick with FNTN, it MUST be highly rewarding. TMK, thanks again for your very interesting post. I'll read it over again a couple of times the coming days, since I think it holds much very valuable information. Enjoy your holiday. Cheers, Robert (Loooooooong on FNTN)

To: T.M.K. who wrote (3727)	8/18/1998 8:30:00 AM
From: Bill Fortune III	Respond to of 15313

IMPORTANT POST # 3720 & 3727 everyone should read these! Message 5522026 Message 5522769 Hi TMK and Tomato Man and thank you both for taking the time to share with us the positive news from FNTN. Best regards, Bill Fortune III

To: T.M.K. who wrote (3727)	8/18/1998 8:52:00 AM
From: Michael T Currie	Read Replies (1) \| Respond to of 15313

Well, TMK, all I can say is that Ms. Marx displays a very refreshing combination of confidence and realism. It was nice to see that she doesn't claim that everything is achievable in the very near term. A clear focus on a few critical bits at a time is the way to go. I think that in this day of instant communications many of us also expect instant gratification - in the form of a continuous stream of news, followed by a share price rise.The recent drop in price is certainly due largely to selling by those impatient speculators who are disappointed that stories aren't flowing out of the company at T1 rates. I can only say that I'm damned if I would want to be out of this stock when the expected news is released. Having said that, I want to throw in my own particular concern for discussion. I would really like to get a handle on the expected completion of audited financials. Two reasons. First, which we all know, is that the vast majority of investors (as opposed to the aforementioned speculators) will not invest in a company that has not been audited. I know that all of us on this board like to think of ourselves as investors with foresight and vision - count me in! - but the plain fact is that the risk level on this stock is twice as high as it needs to be. The intranet service comes first, but the financials have to run a strong second, leading to my other point. It is already August. Before too long, they will be running up against the deadline per the new NASDAQ requirements. Someone refresh my memory, was it the end of the calender year 1998 or 12 months beyond the effective date of the rule that these things had to be completed? Great post and I thank you and the rest of the 'crew' here. Mike

To: T.M.K. who wrote (3727)	8/18/1998 8:59:00 AM
From: Tomato Man	Respond to of 15313

TMK, thank you for this post. This is EXACTLY what I talked about I talked about with the company. I am VERY conservative about posting info that I get from FNTN on the open thread as long as we are a BB, but am happy to confirm your conversation. After my conversation I am more bullish than ever and will continue to buy on dips. Tomato Man

To: T.M.K. who wrote (3727)	8/18/1998 11:32:00 AM
From: JOHN WHITE	Read Replies (1) \| Respond to of 15313

T.M.K. you stated that "they just launched their new firewall and it is up now." Does anyone know in the general sequence of things at what point firewalls are put up ? Is the firewall normally done last ? John

To: T.M.K. who wrote (3727)	8/18/1998 3:01:00 PM
From: Jim Porter	Read Replies (5) \| Respond to of 15313

T.M.K., other FNTNers, and et al: I find the message concerning your conversation very interesting. For myself, the most interesting part deals with the issue of the planned sale of stock (Form 144). According to T.M.K.'s post, Maura said the following: "? Filing for the 144 and if they sold any shares ?.. MM "all insiders have the option to sell 1% of their shares every quarter, which even if they did exercise, should not mean anything to us investors". They have expenses like all of us." With this in mind, and making the following assumptions: Assumption #1: Quarters end on the following dates: March 31, June 30, September 30, and December 31 Also, from Yahoo Financial Page, "insider", the maximum number of shares reported as a Planned 144 sales in a single quarter by management is: (see assumption #1) Michael Sheppard 160,000 shares Maura Marx 160,000 shares Michael J. Daniels 37,500 shares Assumption #2: Each quarter, each person in management is allowed to sell 1% of their total shares of FNTN stock. (source: post from T.M.K.) Using the following formula - someone please correct me if I'm wrong: Total shares owned = 1% of Max. 144 filing in a single quarter Where Total Owned = X, and Maximum Sales per Quarter = Y Therefore, solving for X, X=Y/.01 Approximate total number of shares owned by an individual equals maximum number of shares reported in a single quarter as a Planned 144 sales. If this is true, the following would also be true: Michael Sheppard 160,000 shares divided by 1% equals 16,000,000 shares Maura Marx 160,000 shares divided by 1% equals 16,000,000 shares Michael J. Daniels 37,500 shares divided by 1% equals 3,750,000 shares Either there is one hell of a lot of stock that was been unaccounted for, or something in the above reporting and math is wrong!!! Someone please tell me I'm wrong and correct me! ........-jp