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


To: Jim Porter who wrote (5101)9/2/1998 6:10:00 PM
From: The Philosopher  Read Replies (2) | Respond to of 15313
 
Analysts are privileged people

We have a fundamental disagreement here. In terms of the right to know information about a company, I flatly disagree that analysts should be privileged to have any information a company owner is not entitled to have on request.

Have we gotten SO far from the fundamental principles of the free market corporate model that we forget that the SHAREHOLDERS OWN the company and managment works FOR THEM?

True, sometimes it is in the best interests of the shareholders that managment schooze important analysts. I've done it myself, and will do it again. BUT, the analysts should not be given information that the shareholder can't have too.



To: Jim Porter who wrote (5101)9/2/1998 6:11:00 PM
From: Kevin McKenzie  Read Replies (2) | Respond to of 15313
 
Regarding financial information.

It is my understanding that FNTN won't release any financial figures, past or present, until the audited numbers are approved.

I don't know if this is kosher, but this is my understanding.

Question for accountants: If Sheppard says they did 1 million in revenue in 97 and the audited report comes out saying FNTN did 750,000, is FNTN in trouble? For that matter, if the audited report contradicts the loss figures reported in the previously mentioned press release, are they in trouble?

Just curious.

Kevin