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


To: Radim Parchansky who wrote (8975)12/18/1998 9:16:00 AM
From: Mark Ericson  Read Replies (1) | Respond to of 15313
 
Something doesn't smell right at FNTN...............................

I have been a monitoring this thread since it started and have made some large investments in FNTN. You guys have done a great job of supporting this company and keeping people informed. However, there comes a time when you need to take off the rose colored glasses and smell the roses. They don't smell very good this morning.

FNTN issued over 9 million shares of stock last year, right. What did they get for it, an average of 50 cents a share. Does that come to about $4.5 million dollars? At the start of the year, they promised big contracts, one if I recall right was going to generate $15 million dollars.

Did you guys see any income in their financial statement, I didn't?
Why not? Where is all the contractual income? Where has all the money gone? That financial statement was a sham and an embarrassment to all stock holders. Millions of dollars is a lot of money for a 1/2 dozen employees spend in a BB startup.

Accountants have a saying, look behind the "blue smoke and mirrrors" and what do you really see or smell.

This is one FNTN investor that doesn't like the smell today.