"A NASDAQ listing of our common stock would represent an important milestone for our company," said Dr Joe Mackin, newly appointed CEO of Technest Holdings. "By moving to the NASDAQ, we hope to provide greater transparency and liquidity for our shareholders and to elevate our company's visibility and standing in the financial community."
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MRKLE....new HOD...and breaking .03 for the first time in only god knows how long and someone with the chart lol, but i know its been a while since we seen the 3's
-------------------- please dont trade stocks on my alerts, do your dd first.
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Related Quotes Sym. Price Chg. MRKLE Trade News 0.0285 0.007 TCNH Trade News 5.4 -0.3 Markland Technologies Inc. Re-Iterates $10M Technest Holdings Inc. Stock Dividend; Record and Distribution Dates For Common Shareholders
March 08, 2006 08:00:06 (ET)
BOSTON, Mar 08, 2006 (BUSINESS WIRE) -- Markland Technologies, Inc. (MRKLE, Trade), a defense and homeland security company transforming advanced laboratory technology into real-world products, as announced in August 2005, re-iterates its previously declared stock dividend to the holders of the Company's common stock of $10 million worth of shares of Technest Holdings Inc. http://www.technestholdings.com (TCNH, Trade) common stock that the Company currently owns, up to a maximum of 2.5 million shares of Technest common stock. The record date for the stock dividend is May 1, 2006 and the distribution date for the stock dividend is July 5, 2006.
The actual number of shares of Technest common stock to be distributed will be calculated based on a per share price equal to the average closing price of the Technest Stock as reported by the National Association of Securities Dealers Automatic Quotations service for the ten trading days ending June 30, 2006. However in no event shall the number of shares of the Technest common stock distributed exceed 2.5 million nor will Markland deliver fractional shares of the Technest common stock. As of this date Markland presently owns 13,954,023 shares of Technest common stock. Markland management is considering alternatives available to it for future dividends to be made to its common shareholders.
The Company is continuing to work on the accounting issues described in the Current Report on Form 8-K issued on February 10, 2006 concerning non-reliance on previously issued financial statements. At this time, there is no further update on when these issues will be addressed. However, the Company intends to restate the financial statements in question as soon as practicable.
-------------------- pink floyds "money" is the way to live.......
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this stock is going to move ...people dont know about it yet
Technest Holdings Inc., Technology Provider to the Defense and Homeland Security Marketplace, Files for NASDAQ Market Listing
March 16, 2006 11:00:17 (ET)
BOSTON, Mar 16, 2006 (PRIMEZONE via COMTEX) -- Technest Holdings, Inc. www.technestholdings.com (TCNH, Trade), a defense and homeland security company transforming advanced laboratory technology into real-world products, announced today that it has submitted an application for listing of its shares of common stock on the NASDAQ Capital Market.
Company management with co-operation from its majority shareholder, Markland Technologies Inc. (MRKLE, Trade), has restructured its corporate governance and has appointed three members to its Board of Directors, all of whom meet the "independent" and corporate governance requirements of NASDAQ. Effective on March 15, 2006, newly appointed board members: Major General (Ret) David R. Gust, Robert Doto and Darlene Deptula Hicks have formed the requisite independent audit, compensation, and nominating and corporate governance committees.
Also as part of the corporate governance restructuring, Robert Tarini has resigned his positions of CEO and director of Technest Holdings Inc. He will remain as CEO and Director of Technest's majority shareholder, Markland Technologies, Inc. Dr. Joe Mackin has been appointed the new CEO of Technest Holdings and will remain a director of Technest Holdings along with the CFO, Gino Pereira. Dr. Mackin has resigned as a director and President of Markland Technologies.
Robert Tarini stated, "It has been my pleasure to work with the talented management team here at Technest to help form the new operating and equity structure, and I am quite pleased Dr Joe Mackin has accepted the position of CEO. These structural changes allow Technest to proceed to grow its business and future as a public entity. Dr Mackin and Gino Pereira will do a fabulous job as CEO and CFO, respectively. The newly appointed independent board of directors will come to the job with a wealth of industry and public company experience."
"A NASDAQ listing of our common stock would represent an important milestone for our company," said Dr Joe Mackin, newly appointed CEO of Technest Holdings. "By moving to the NASDAQ, we hope to provide greater transparency and liquidity for our shareholders and to elevate our company's visibility and standing in the financial community."
-------------------- pink floyds "money" is the way to live.......
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the stock dividend is going to definitley make us some money and this stock is cheap right now....once it goes to the nasdaq this is going to go big.....probably over a dollar...no doubt...
-------------------- pink floyds "money" is the way to live.......
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