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

To: POPO_187 who wrote (11972)	4/19/1999 9:55:00 AM
From: Bill Fortune III	Read Replies (1) \| Respond to of 15313

Hi POPO. I believe that CHEZ, Inc. was a PR firm sometime back that FNTN used and if I am not mistaken they most likely received stock as either part or full payment for their services. I could be wrong here, so if anyone else has any more information maybe they could post it. Regards, Bill Fortune III

To: POPO_187 who wrote (11972)	4/19/1999 10:47:00 AM
From: Wally	Read Replies (1) \| Respond to of 15313

TIA: They are listings of private investors who hold sizable quantities of shares and are required to file 144s to establish the ability to sell any stock. The two companies in question have no apparent connection to FNTN other than owning stock at one time or another (Bill Fortune may be accurate about Chez, Inc. trading services for their shares). On the subject of 144s, forgive me, TIA if I'm about to tell you what you already know, but there are, from time to time a lot of new posters on the thread and the generic question about Form 144s pops up - so for those unaware - here is an encapsulated translation: 144's are filed to give the holder of the stock the right to sell within 30 days of the filing. It doesn't indicate that the shares will be sold - just sellable. Hence, there are numerous 144 filings that are simply renewed every month or so without a single share being sold. Company shareholders often automatically float a percentage of their holdings to maintain a sell option. Such is the case with most of the historical 144 filings by FNTN officers. Often, small upstart public companies will offer stock to employees in place of salary (or in lieu of higher salary) in order to keep down the burn rate. FNTN has remunerated employees in this fashion. Additionally, the issuance of stock incentives can act as an added performance incentive to employees. I hope I helped answer your question. Welcome to the thread, Wally