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

To: don roberson who wrote (8570)	12/4/1998 7:03:00 PM
From: Radim Parchansky	Read Replies (2) \| Respond to of 15313

FROM MM: The proxy was based on what FNTN was told to put in by lawyers. Due to FNTN being not reporting at this time the amount of information in the proxy was limited. There will be more detailed info from the company on FNTN web site (waiting for conformation from Maura about the details). Radim

To: don roberson who wrote (8570)	12/4/1998 7:17:00 PM
From: The Philosopher	Respond to of 15313

Just how specific do you want FNTN to get about what they are going to do with the extra 25 million shares? We were told it was for acquisitiohs, and stock plans. Do we want to know what they want to acquire.??? Nope. I would be satisfied with something like: xxx common shares shares will be reserved for future acquisitions, which in every case will be subject to shareholder approval. xxx common shares will be reserved for incentive stock plans. Every stock plan will be submitted to the shareholders for approval before implementation. The preferred shares will carry the following preferential benefits: _______. Preferred shares will be sold at a price no less than ___ times the common share price at the time of sale. They will also bear the following restrictions _____

To: don roberson who wrote (8570)	12/4/1998 7:19:00 PM
From: Tom C	Respond to of 15313

Don, I'm just catching up on the thread. I am responding to this: We were told it was for acquisitions, and stock plans I have owned several companies that purchased other companies requiring an increase in the number of shares authorized. For example, when Borland (now Inprise) bought a CORBA development company, the vote to raise the number of shares authorized occurred after the proposed purchase. We shareholders approved the increase, tantamount to approving the purchase. Why give anyone a blank check? If they are making a good value purchase, why not call a shareholder meeting and get the approval of the shareholders? Who owns this public company if not shareholders? Also, Don, as you know I'm not a shareholder, imagine I was a prospective shareholder and I asked you, please explain the Preferred share to me. Are the preferred shares dilutive? Do they have special rights? What's the deal on those? Also can you explain to me the ESOP plan? Tom