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

To: Joe Senesac who wrote (9738)	1/4/1999 12:58:00 AM
From: FJ	Respond to of 15313

Joe, hope to see you back again later. Please see PM from me. Best, FJ

To: Joe Senesac who wrote (9738)	1/4/1999 4:30:00 AM
From: De Peepster	Read Replies (1) \| Respond to of 15313

Heyy Joe, You will be missed. Thanks for your honesty. The best of success in all you do,,AMB,Barbara

To: Joe Senesac who wrote (9738)	1/4/1999 8:33:00 AM
From: Radim Parchansky	Read Replies (2) \| Respond to of 15313

Joe, You were holding it for a year, the last year of development. When I spoke to Michael he did tell me that 98 was still mostly development and those few hundred thousand in revenues is basically insignificant. From $5 mil estimated revenues, $1.5 is a "done deal" pending signatures as per Michael. Until last year inclusive Financial was building their infrastructure, this quarter is the first one which is to be "real" revenue producing. If (?) they were paid in shares, the more incentive they have to bring to price up. The other financial questions are valid and I'd like to get more info as well. With regard to the $1.5 mil, Michael was very enthusiastic and definitely the most secure I have heard him so far. If this is any indication, it is as good as it gets. Still the most important issue is revenues and the first Q should be in millions and I don't think Michael would be that specific if it was not the case. Balance sheet quality? Low, with not enough info. This company has a history of starting with not the best quality and eventually be one of the best. Just look at the web site, started with really low key one, currently looks very well (still don't like the charting) and has video as well (how many sites have videos!). Next financials would be much better IMO, since "it" should all happen in the first and second quarter, no room for mistakes. Selling 100K at .6x and buy it at .3x would mean to double the position not bad at all. IMO leaving the company just before the first revenue Q after two years of development might not be the best choice, especially since the stock is discounted due to non-fundamental reasons. Hope to see you back this quarter and thanks for taking over the web site. Radim