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

To: C Horn who wrote (11412)	3/16/1999 4:05:00 PM
From: James P Anderson	Respond to of 15313

C Horn: Thanks very much for that explanation. It helped me a great deal to understand what was going on there. There has been a lot of concern about dilution and the selling of shares by management. It really has been hard for me to believe that management is not doing their best for FNTN and shareholders. Sincerely JP

To: C Horn who wrote (11412)	3/16/1999 4:20:00 PM
From: Dream On	Respond to of 15313

Excellent Post! I feel alittle better now. Thanks, DreamOn

To: C Horn who wrote (11412)	3/16/1999 5:40:00 PM
From: FJ	Read Replies (1) \| Respond to of 15313

C Horn: Your Quiet Period Summary does help. Thank you. (eom) Regards, FJ

To: C Horn who wrote (11412)	3/16/1999 7:03:00 PM
From: GregB	Respond to of 15313

Hi C Horn Great post! This is the kind of info we need on this thread. Thanks! Best Regards Greg B

To: C Horn who wrote (11412)	3/16/1999 7:29:00 PM
From: FloridaGatorMike	Read Replies (1) \| Respond to of 15313

I'm a little confused... if this 'quiet period' is the state FNTN is in right now, couldn't they have announced it prior to going into a quiet period? if investors had known that this was the reason for FNTN's silence, maybe some would have stuck around longer!! I know I was ready to bail, and maybe still will... but this information would've given me reason to stay!! Is there a law preventing FNTN from announcing that they're going into a 'quiet period'??

To: C Horn who wrote (11412)	3/17/1999 9:41:00 AM
From: C Horn	Read Replies (1) \| Respond to of 15313

Quiet Period - Final Recap This is what we know - 1. The company filed form SB-2 with the SEC on 2/25/99. The quiet period began on that date (or possibly the next day). 2. The company did not include the 1998 audited financials with the SB-2. They must submit an additional filing (Form SB-2/A) and include the audited numbers before the SEC will accept the filing. This is what we don't know - 1. We don't know if the company waived the statutory 20 day quiet period and agreed to eliminate the time pressure put on the SEC. 2. We don't know if the company has received comments from the SEC regarding the SB-2. They should have by now, unless the statutory 10 day rule was waived. 3. If comments have been received, we don't know if there are problems (other than the audited financials not being included with the SB-2). 4. We don't know when the quiet period will end, other than it will most likely end very soon after the filing of the SB-2/A (Possibly the next business day). What this all means - I have spoken to the Company management about the SB-2, and it is part of the company strategy to achieve fully reporting status and a listing on the Nasdaq. One might ask - How will this help us get on the Nasdaq? Isn't there a $4 minimum bid requirement? Once the filing is accepted by the SEC, it appears that all Nasdaq requirements will have been met except for the $4 minimum bid. The company will most likely be contacted by many Underwriters with offers to sell the shares being offered. The Underwriting firm (or firms) get paid a 10 percent commission on any shares they are able to sell. The commission is based on the eventual selling price of the new shares. It is in the Underwriter's best interest to sell the shares at the highest possible price. Underwriters advertise offerings on a daily basis in National publications. Just imagine what an add in the Wall Street Journal (for example) might do to the price of this stock. Let's face it - Not many people know about this stock, and if Investors see an add in the WSJ about an Internet type company that is trading for less than 5 dollars (heck, less than 1 dollar), there could be a feeding frenzy on this stock. With a few million shares purchased, and a current float of only 10 million (or so), this stock could go to 5 very quickly. In summary, I certainly cannot predict the future, but it does appear to me that the strategy to achieve a listing on the Nasdaq has been well thought out by the company, and only time will tell if it works. Best Regards, CH