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

To: watcher who wrote (11543)	3/22/1999 11:02:00 AM
From: De Peepster	Read Replies (2) \| Respond to of 15313

Dear Watcher, Although not directed at me and no one else is stepping up to the plate or the free throw line as the season may call for: "1. What happened to the McGraw Hill deal? 2. Provide us details about the source of their 1998 revenues. Is this from Intranet, or is it gross sales on long distance? 3. Why did he keep saying even in Dec. that they were on target with sales? 4. Where are the Form 4's?" Re Inquiries: 1. No clue, fair enough question IMO. 2. Was anything expounded upon in SB-2? 3. From my perspective December was the most disgraceful and disingenuous period of management to date. What happened during the previous six months in terms of misleading statements to shareholders that visited is a close second, and the news releases that never came to fruition are a close third. One can go back and read posts by myself, BellBoy and Wally and read of conversations held with MS & MM and see how we were mislead in no uncertain terms eg: Wally visited what one week prior to the deal with IDB falling through and was told everything is on track and going great, we have since found out that the deal had gone sour for some time ( this is one example ). 4. The definition of a Form 4 is as follows: A document required by the SEC and the appropriate stock exchange to announce changes in the holdings of directors, officers, and shareholders owning 10% or more of the company's outstanding stock. While 144s have been filed by some albeit with various excuses as to: why they don't need to, someone else screwed up etc. The SB-2 clearly states that management has agreed to an understanding of their responsibility on this matter. Further that any certs issued would be clearly marked as restricted without the proper SEC filing being done. So on that note I have a few questions for you. 1. Do you know that there are options being "cashed" without proper SEC notification? 2. Do you know if the transfer agent is in cahoots with management to illegally sell said shares? 3. Do you know how many shares have been issued to these three managers? While you have broached a valid issue, lets discuss the reality and not innuendo, not interested in playing guessing games here. If you have something to say spit it out FGS and lets take a look at it. If you are simply taking stabs waiting for them to prove themselves say as much. AMB,, Barbara bored with reading between the lines.