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

To: ChinuSFO who wrote (6818)	9/26/1998 3:02:00 PM
From: The Philosopher	Read Replies (1) \| Respond to of 15313

I wouldn't put too much faith in that. But it will give me useful information, nonetheless. Right now, FNTN seems to have a habit of missing deadlines (unlike MSFT <bg>). They've missed announced deadlines on becoming fully reporting, they missed several deadlines on the new web site, and now they have missed on advanced charting, and there were probably some other missed deadlines I'm not keeping in mind right now. Such frequent missing of deadlines doesn't automatically mean good things aren't going to happen, but there are a number of things it might mean. Among the options (no flames, please; I'm not saying any of these ARE true, only that they're options, and only some, not all): they don't understand the complexities of their business; they chose to depend on other people who didn't produce as promised; they ran into snags that nobody could have realistically anticipated (seems unlikely with full reporting since enough companies have done this that the path and timing should be pretty clear by now); they just don't have the horespower, management or technical or both, to pull this off; the stuff they want to do actually can't be done with current technology; they don't have enough money or they have enough but aren't willing to spend what's needed; their enthusiasm isn't tempered by realism; they found that there are only so many consecutive 18 hour days that any human can pull; they are trying to do this with the wrong people, and either are late finding that out or don't have the backbone to fire people they should; they are pure techies who don't understand the importance of deadlines to business people; they are trying for an unachievable perfection in a world where getting a good, functional product to market today is more important than waiting for perfection tomorrow. Those are just a few possibilities. I'm sure others here will have other options to suggest, probably more benign. But one thing is sure -- there are lessons to be learned from FNTN's frequent failure to deliver on its promises, if only we knew what the real lessons are.