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

To: Radim Parchansky who wrote (3964)	8/20/1998 5:09:00 PM
From: Tom C	Read Replies (1) \| Respond to of 15313

Radim, I haven't looked, but I would be willing to bet that each of the companies you mentioned are reporting companies. Did any of them start out on the OTC-BB? Maybe if you could locate some examples of BB Internet stocks then these would allow you to make better comparisons. BTW: I'm not knocking the stock, just some peoples expectations. IMHO they need to become a reporting company to gain creditability. Tom

To: Radim Parchansky who wrote (3964)	8/20/1998 5:35:00 PM
From: Michael T Currie	Read Replies (1) \| Respond to of 15313

> And those companies have been around for a while and being profitable is not what investor were looking for. You're right, profits are not what will drive this stock in the immediate future, but all of the companies that you mentioned have three things that FNTN does not : 1) significant revenues - neither you nor I nor anyone else on this thread know what the current or future revenues will look like. Until you know that, you can't reliably predict on where the stock price will go. I think that this will be the critical factor over the coming 6 months. I am in full agreement with most of what Ariella has said with this one exception - I don't think that the drop in expected profits due to dilution will be the primary driver at this stage. I also think that it was pretty foolish to put out figures like this in a news release. Never should have been done. MS was only setting the company up for investor disenchantment. 2) a proper financial audit - presumably this is coming along fairly soon. I'll repeat what I said the other day - FNTN is excluding themselves from the vast majority of the investor universe until this is complete and public. 3) major exchange listing - related to #2 in that most investors will not take a BB stock but so seriously. Volatility is a fact of life in this environment, period. Volatility is a characteristic of BB investor psychology. Oh, I know that quite a number of folks on this board have held through the recent decline, including myself. A few weeks back I had my finger on the trigger to sell 1/2 my position at $1.89. Two things kept me from doing it. First, I don't know when the various expected news releases will come out and I can't sit and watch the ticker to be able to react when it does. Second, most of my shares have been held for at least 6 month and some are approaching 10. The recent change in the tax laws gives investors a break for long term capital gains at 12 months. I figured that the stock could fall to about $1.50 before that break was eroded away by the fall in price. So, am I sorry that I didn't sell? Of course. Would I be purchasing back those shares (and more) now if I had sold earlier? Absolutely, because in the long run, I still think that this is a great investment. Predictions of future stock price really bother me, particularly when they are based on expectations which may not be realized. Try this sometime. Run your calculations of revenues, profits or whatever on minimum, most likely and maximum cases. Try to be as realistic as possible in your projections. The minumum case portrays a scenario in which everything is late, revenues are half of what you expect and expenses are double, for instance. If the minimum case still looks like breakeven for you over your personal investment timeframe, it's probably an excellent investment. These are all just mind games because they are not based on hard data, but you might be surprised how much it will make you think about the various possibilities. Mike P.S. Based on my own minimum case mind game, FNTN was overvalued at $1.60+ but looks real good at the present levels. Now I just need some data to wreck the whole scenario.