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

To: Tom C who wrote (4299)	8/24/1998 10:48:00 PM
From: Cliff Daniel	Read Replies (4) \| Respond to of 15313

Why Incorporate in Nevada Did you know that the majority of the penny stock scams are incorporated in Nevada for those reasons?

To: Tom C who wrote (4299)	8/26/1998 1:38:00 AM
From: Speedster	Respond to of 15313

Nev. Rev. Stat. Ann. sec. 78.207 allows the Board to increase or decrease the authorized shares without shareholder approval unless it affects rights or preferences of a class or series of stock--then a majority of those affected shareholders must approve. I going from memory--but I think that is it. I work in a law firm--if we do not incorporate in Fla--it is either Nevada or Delaware, this includes partnerships and LLC. It is very typical. I would venture a guess that any increase of shares is for M&As--which does not cause shareholder dilution as there is value with the acquisition. Most M&As are good--it is a sign of growth and change. The next call to MS--find out if there are any preferred stock or other classes.