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


To: garden_man who wrote (24)1/23/1999 4:27:00 PM
From: Greg Writer  Read Replies (2) | Respond to of 1827
 
Thanks for the compliment!

I have been an investment banker all my life (adult life that is), and one of my re-occurring pet peeves has been the lack of communication between public companies and the shareholders and investment community as a whole. 1st Net was born out of a service to inform shareholders and utilize the net as a tool to disseminate information in a cost effect manner. Time permitting my whole team will use this thread as a means to answer questions and inform potential investors.

We have never done a reverse split. But I do appreciate you noting that our market cap is not out of line and in the light of our new technology is very under capitalized. I pride my self in corporate structure. I have been involved in hundreds of ipo's, mergers, and acquisitions, and have be in corporate finance most of my career. I have went out of my way to capitalize 1st Net properly so when we need to go to Wall Street for some real money we would not have to do a reverse split or re-capitalize the company.

By the way we are currently positioning our self for a major financing to take place sometime 2-3 quarter of this calendar year.

Currently we are not a fully reporting company, but will be filing a form 10 to become reporting in the next 60 days. But in the mean time all of our financial information can be seen at our web site 1stnettech.com under the shareholder information button.

Have a GREAT DAY!

Greg Writer
CEO
1st Net Technologies, Inc.