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

To: Kevin McKenzie who wrote (4322)	8/25/1998 1:06:00 AM
From: Kevin McKenzie	Respond to of 15313

This one should probably go under the heading of "beating a dead horse", but here's Michael Sheppards email response to me regarding insider filings and total shares owned by insiders. Note that I received this last week. I just forgot to post it. Subject: Re: [Regarding authorized shares] Date: 21 Aug 98 09:56:13 EDT From: michael sheppard <sheppardmichael@usa.net> To: sprue@swbell.net sprue@swbell.net wrote: Dear Mr. Sheppard, I recently sent a list of questions regarding Financial Intranets. I understand that you probably haven't had time to respond to all inquiries from current and potential investors, but I was wondering if you could clarify a couple points under discussion right now on the FNTN thread of Silicon Investor: 1. One of FNTN's investors was informed by Ms. Marx that FNTN officers are only allowed to sell up to 1% of their FNTN holdings per month. Is this accurate? 2. How many shares of FNTN are authorized? If Ms. Marx's statement has been reported accurately, both you and she have filed to sell 160,000 shares this month. That would imply that you each own at least 16,000,000 shares of FNTN. A recent press release refers to the total FNTN shares outstanding as a little over 16 million. As you're well aware, the total share count is of paramount importance in determining a fair value of a stock. Can you help clear up these points? Respectfully yours, Kevin McKenzie Dear Kevin, regarding the 1% dribble rule for insiders, we can list and sell if we choose one percent (1%) of THE OUTSTANDING SHARES, so this means each of us can if we choose sell up to 160,000 shares a quarter. This means at this point there are approx 16,000,000 total. I wish we owned what you guys thought we did. We do own a lot but not that #. Hope this helps. Regards, Michael

To: Kevin McKenzie who wrote (4322)	8/25/1998 1:24:00 AM
From: Greg Hodges	Respond to of 15313

Kevin, in light of your last paragraph that references the video on demand. This one was one of the topics that Ms. Marx and I discussed last week. The Video technology is not going to be focused for the common user and home. (although video over the net is possible for users at home). The focus of sales is when FNTN sells their Intranet services (to potential brokerage companies, etc...) with the video as part of the package they can also sell the service for handling the through-put. It is a win win situation. They not only sell once facet of their product but also sell the telecommunication services that go along with it. Pretty smart move if you ask me. Regards, Greg Hodges