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

To: Greg Hodges who wrote (12411)	5/17/1999 12:08:00 PM
From: J Spragg	Respond to of 15313

Greg...I believe the SB-2 filings are the initial steps to becoming a reporting company. The actions of FNTN management have been very deliberate and methodical in this process. They will get the job done, IMO. jim

To: Greg Hodges who wrote (12411)	5/17/1999 12:19:00 PM
From: DesertRat1	Read Replies (1) \| Respond to of 15313

Greg, Sorry, I was talking in general about the process that must be gone through and not about Friday's filing specifically. Mostly just saying that any SEC requirements (for anything), although important, are secondary (IMO) to growing the business with clients, sales, contracts, etc.

To: Greg Hodges who wrote (12411)	5/17/1999 12:45:00 PM
From: DesertRat1	Read Replies (1) \| Respond to of 15313

Greg, To add to that, IMO FNTN is doing both of those things. The are working on the SEC requirements as they build the business. More: There are several "levels" of requirements that a public company can be at with respect to SEC requirements. For example in Arizona you can sell stock in a company up to $1 million with only a few forms filed and meeting only a few conditions (two of which is that the stock can only be sold to AZ residence and you can't charge sales commisions). Under $500,000 and no federal SEC requirements apply at all. So the filing of form, after form, after form, will continue because those are the rules for the game that FNTN is seeking to play in. And please, don't get me wrong, read as much as you can of them. I know I do.