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Microcap & Penny Stocks : 1st Net Technologies ( FNTT ) -- Ignore unavailable to you. Want to Upgrade?

To: EyeDrMike who wrote (13)	1/4/1999 12:57:00 PM
From: Greg Writer	Read Replies (1) \| Respond to of 1827

To answer your questions in order: 1. There are no promoters being paid to promote our stock. We do all investor relations in house. 2. We are 3-4 million away in assets to qualify for a Nasdaq listing but are doing some acquisitions and other financings to help us qualify. Are goal is for a $20 million secondary mid year or 3rd qtr. We are currently talking with underwriters for this secondary offering. Also we are in middle of an 1 million dollar convertible preferred that we are funding with friends, family and accredited investors. 3. We currently have a staff of 25 and have plans to hire an additional 4-8 in the 1st qtr of this year. Our monthly burn rate is approximately $80-100,000 per month. Hope this answers your questions. Have a great day! Greg Writer