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

To: The Philosopher who wrote (5076)	9/2/1998 4:11:00 PM
From: Jim Porter	Read Replies (1) \| Respond to of 15313

Chris, OK, how valuable is the following: Sales (Fiscal Year End 1998) ...... 20,000,000 Cost of Services Provided ......... 10,000,000 .... 50% Gross Margin ...................... 10,000,000 .... 50% GSA Expenses ....................... 3,000,000 .... 15% Other Expenses ..................... 4,500,000 .... 22.5% Pre tax Revenue .................... 2,500,000 .... 12.5% To me, the above is just a valuable as any other numbers any other stockholder could come up with at the present time. However, I agree with your statement when it applies to a company that is fully reported and I can work with their financial documents, knowing that the numbers are very close to reality at that point in time. jmo, ........-jp

To: The Philosopher who wrote (5076)	9/2/1998 4:13:00 PM
From: NYBellBoy	Read Replies (2) \| Respond to of 15313

Christopher - re <So while one can't expect to get pro formas that will be identical with the actual results a year or two or five out, I, at least, need to make the attempt so I can know that there is a good chance of long-term profitability in the story (and therefore legs under the stock, long-term.)> Once the CPA firm has audited the financial statements, then and only then could you prepare Pro Forma Financial Statement. This is a very risky OTCBB stock and part of reason the price is so cheap is that there aren't audited financial statements and it's not on NASDAQ. Either get faith or sell when you can. :) BellBoy