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

To: DesertRat1 who wrote (12550)	5/25/1999 12:10:00 PM
From: De Peepster	Respond to of 15313

Dear Drat, What I see is that for all intensive purposes the additional 25 million is gone due to existing obligations and then some. That due to what appears to be payment for previous debt etc. these shares have been issued and will be coming to market in the near term on top of the now increased from 3 Million shares to 4,444,444 shares the Company intends to sell. With a dilution of in excess of an additional 27 million shares being issued FNTN ( the Company, not insiders & debtors ) will gain at most $5.8 million ( depending on the share price ). All of this is according to the SB-2A that has been filed. Where does that put FNTN going forward? It seems to me they will have to request additional approval for more shares in the not too distant future. It is just my read and I too look forward to others thoughts.,,, Barbara