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

To: Michael T Currie who wrote (4427)	8/25/1998 5:01:00 PM
From: don roberson	Read Replies (2) \| Respond to of 15313

ALL: I'm reposting this AOL historical post. Its from someone that was very knowledgeable in the "upcoming" technology. If you just scan it and read the last sentences, you'll see why I thought this was appropriate at this time. Thursday, Aug 15 1996 1:07PM ET Reply # of 10591 To All: I have been monitoring this thread for a while. As a developer and a trader I have a vested interest in this stock from many standpoints. I am firmly bearish on AOL for several reasons. The only 2 things that are good about this company are: 1> As somebody mentioned, the chat rooms online are really good. But the censorship kills it. 2>xxxxx@aol.com is an easy mail address to remember. My mccafs@ix.netcom.com sucks. My reasons for being bearish about this company come from a technical standpoint. I have been developing activeX controls and plug-ins for IE3 and Netscape for the last 2 years. I was blown away by the functionality and ease of development then. During the next few weeks when the world gets a look at the production release of IE3 and Netscape Navigator 3 AND most importantly the applications and ease of development these products provide, there will be an explosion of applications creativity the likes of which has not been seen since the advent of paper. By this time next year, any current uniqueness of AOL will be forgotten. I make this assumption based on just the current IE3 and Nav3. Wait until IE4.0 is released with integrated internet objects on the desktop!!! Do you honestly thing anyone will want to go the AOL when everything is at your fingertips on the 95+ desktop?!! I have the beta IE4.0 and I cannot say loud enough how this is going to nuke AOL and other types of similar services. It is a shame but that's the breaks. I recently read in a research report published by a large global Investment bank that AOL spends on average $45.00 per user in avertising. I do not believe with a falling subsciber base and fierce internet competition that they will be able to keep this up. If they do not, most people will go to other ISP's which they will probably do anyway. It is also just a matter of time before your ISP becomes the phone company and it is all integrated into your phone bill. As for other technical issues, there are sound and video and conferencing applications being developed and planned right now through the internet and IE3 in particular that will make us all wonder in a couple of years how we ever got along without them. This reminds me of the ATM machine. But the main advantage to this technology will be that anyone with a html editor, or Visual Basic, or a plethora of other tools will be able to custom tailor their environments. I do not think AOL is a good platform for development in applications, or capital appreciation for that matter. Get out now before the bloodbath really begins. I see $20 by end of year. One more thing, it makes me sad to think that soon Microsoft will be even more dominant in almost all aspects of computing. Netscape's days are numbered as well. I trully hope that companies like Netscape and AOL and Novell will somehow develop creative solutions that will COMPETE with MS. You see what competition from Netscape did to MS, they kicked ass. With no or insignificant competition I wonder if they will be as technically innovative. I certainly hope this will happen, but as for companies like Novell, and AOL especially I invest with my head not with my heart. Buy your put options now while they are still reasonably priced because of non-technical analysts oblivious to what is coming in "The Road Ahead". It is really sad and an indication of the future of AOL. Get out NOWWWWWWWWW!!! A

To: Michael T Currie who wrote (4427)	8/25/1998 5:23:00 PM
From: Jim Porter	Respond to of 15313

Open message to all: My god, I just waded through 135 messages, many of them line after line of the same old thing. In my opinion, the ones containing useful information could be counted on one hand - for those, I thank the authors. In regards to what seems to be going on, I humbly offer the following axiom, first stated and proposed by Aristotle. Granted, it is very simple in its logic and easy to recite or think about; yet, when applied to day-to-day rational living, it is very hard to adopt and apply to one's response to the events in the world of investing, which we are all involved in: It is not the actions of a person that disturbs me [us]. It is the way in which I [we] interpret those actions that disturbs me [us] ! Aristotle 384 - 322 B.C. When it comes to investing, we all have our own agenda and goals, to this end, I again humbly offer the following: TRUTH How the devil do I know if there are rocks in your field, plow it and find out. If the plow strikes something harder than earth, the point shatters at a sudden blow and the tractor jerks sideways and dumps you off the seat - - because the spring hitch isn't set to trip quickly enough and it never is - - probably you hit a rock. That means the glacier emptied his pocket in your field as well as mine, but the connection with a thing is the only truth that I know of, so plow it. James Hearst 1900 - As always, these are just my personal thoughts and not meant to influence anyone. .........-jp

To: Michael T Currie who wrote (4427)	8/25/1998 5:33:00 PM
From: Kevin McKenzie	Respond to of 15313

For my part, the authorized share number of 25MM gives me a great deal of comfort. I believe I'll be giving the transfer agent a call on a regular basis from this point on. I agree. The low number of authorized shares is by far the most useful (and by the way, comforting) piece of information to come from this discussion thread in the past couple days. Kevin

To: Michael T Currie who wrote (4427)	8/25/1998 6:18:00 PM
From: Cliff Daniel	Read Replies (3) \| Respond to of 15313

Your questions in bold/italic. My responses in regular. *I'm curious about which penny stock scam companies you're aware of that were incorporated in Nevada? - post 4304* Let's see. Home Link Corp, NovaTek, Mountain Energy, Alliance Industries, Twenty First Century Health, Combined Companies International, Eventemp Corporation, Sky Scientific. I'll stop there because it looks like I just crashed the state of nevada's search engine. In fact it would appear to me that over 50% of all corporations that were halted by the SEC were incorporated in the state of Nevada. I'm really curious. It's my honest suspicion that you heard somewhere to watch out for Nevada corporations because only scammers incorporate in Nevada. I would expect you to be able to come up with a couple scam penny stocks off the top of your head, if you truly know Nevada to be a haven for scam penny stocks. - post 4310 Some reasons why Nevada is attractive to penny scams: Officers and Directors can not be sued for the activities of the Corporation. No "information sharing agreement" with the IRS, the only state to do this. Officers have the most control. They can authorized more shares and issue those shares without bringing it to a shareholder vote. They change directors at the drop of at hat. They can do all of that you never notify you. A Nevada corporation basically makes up the rules as they go. They don't have to disclose any information ont he Directors other than their name and address. *Hi Cliff, You seem to have all this negative stuff lined up and well orchestrated. What's your goal in doing this ? - post 4355* My goal is to educate the uneducated on the world of BB stocks. Some of you here are experienced but most or not. Don't get caught up in the hype. People that call their relatives to invest in a stock are hyping as well. You wouldn't want your relatives thanking you for losing their money would you? You being a Canadian Cliff, are you shorting this stock? - post 4356 When did I become Canadian? That's my favourite thing to hear! Have you spoken with either MS or her directly about some of your questions and concerns????? - post 4371 I answered that already. But to be complete the answer is no. I have not yet talking to MS about any of my concerns. Am I the only one who wants to know the answers to these questions? Or is everyone just want to be left alone in they Happy Place? CALL AND ASK. Do you ever do any of your own legwork? - post 4383 I answered this as well. Calling the company is not the best DD in the world people. You will never hear them tell you anything negative. You will get the good version of the business. How come MS can't tell anything about the authorized shares and outstanding? I think it's because those numbers are getting ready to grow. Why don't you call the company and ask them why they made the hardware purchasing decisions that they did, and make your suggestions. Maybe they'll hire you. You apprear to have plenty of free time.- post 4385 Again they will justify way they chose to do this whether they think it was right or wrong. I don't have plenty of free time. The hype here is keeping me plenty busy these days. As soon as the heat comes the head cheerleader (Bill Fortune) is ready to move to another thread. *Have you or will you call FNTN and talk to MS??????? - post 4392* Answer this one already. *I'll add one of my own. What company do you work for and in what capacity? Now, you may think that this is off topic, but I do not. It's a question of credibility, doncha see, old pal?* I do think that is off topic. But I will tell you it's worth about 8 billion dollars. And it's listed on the NAZ. You have said that you would not trust anything that FNTN management tells you (I'm paraphrasing, but the sense is there). It is obvious that you certainly would not believe most of the posts provided by the members of this thread. So, is your entire evaluation of FNTN as an investment based on a comparison of news releases versus apparent results? Because if so, old sport, you are not telling us anything new. I never said that. But as a good measure, believe none of what you see and half of what you hear. My entire evaluation is based on new releases and past performance. So far there has been no product and shares are being printed every quarter. Did they ever put out a press release or notify it's shareholders that they were going to do that? Thanks to the Nevada Corporation laws they don't have to tell you jack. *You seem to know a bit about comms issues, yet you also have no conception about the difficulty in implementing a completely secure, complex intranet with (presumably) state of the art capabilities.* I do understand those complex issues. Every day I work on design and implementation of a world wide backbone of terrabyte speeds. Voice over IP, Fax over IP, SS7. You name it with the Internet and I'm working on it. You seem to have a serious problem with the number of shares that have been issued. Certainly that number has grown. It has been suggested that the stock has been and is being used as currency for acquisitions. Let's face it, what else have they got? This is not a large number in the penny stock universe. For my part, the authorized share number of 25MM gives me a great deal of comfort. I believe I'll be giving the transfer agent a call on a regular basis from this point on. If that number increases suddenly without notice to the shareholders, then I'll start to worry. Again, they have increased the oustanding shares from 4,000,000 to 19,000,000 in less than a year. Guess what? They never consulted anyone. Nevada corp is great! IMHO MS will not comment on the share issue because it's getting ready to change. Until then, I am content to wait semi-patiently for hard news. By the way, your misunderstanding of the float issue was definitely not impressive. I know I shouldn't drag that up and I'm certainly not going to address it again, but as before, credibility is at stake. How so? Lurker's corner seems to think you guys (the public) own over 8,000,000 shares. And there is only 19,000,000 outstanding? I just find it hard to believe that over 50% of the total oustanding shares are sitting in a public float. Don't you? *One more question for you. Do you see anything at all positive about FNTN, present or future?* The picture management paints is a nice picture. But the same applies to all companies. It's anyone's goal to come up with a grand idea. It may sound like a good idea but actually implementing it is a different story. More companies stay private, prove the concept, secure venture capital and IPO. Cliff