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

To: Fredman who wrote (9728)	1/3/1999 11:29:00 AM
From: Robert W. Dog	Read Replies (1) \| Respond to of 15313

Puzzling message from Orlando from Holland Hello All, Orlando asked me to post the text below on SI. (Cheers, Robert, Lurking but still long and strong FNTN!) ********************************************************************** Hi All, This is an analysis of the balance sheet and profit & losses that give me the indication that there can be at least $ 3,000,000 of revenue in the first 3 quaters of 1998. The increase of the shares from 10.932.883 to 19.580.463 in 1998 count means that they reserved 8,647,580 with an average price of $0.60 = about $5.000.000. balance sheet without anny cost balans sheet 31-12-1997 the balans sheet as 30-09-1998 is 30-09-1998 shout be Assets current assets 68,232 + 5,000,000 5,068.232 147,757 property & equipm 303,987 303,987 611,342 other assets 23,773 23,773 77,093 ------- --------- ------- total 395,992 5,395,992 836,192 Liabilitis current liab. 231,031 231,031 216,472 share hold eq. 164,961 A 5,164,961 B 619,720 ------- --------- ------- 395,992 5,395,992 836,192 The Difference between A and B is $ 4,545,241 This $ 4,545,241 must show up in there profit and losses without anny revenues in 1998. But the pofit and losses shows $ 592,145 This gives me the indication that there can be revenues for at least $ 4,545,241- $ 592,145 = $ 3,953,096 in the first 3 quaters of 1998 Tell my if i am wrong... orlando Present1@wxs.nl