Unusually High Volume Gets Management Attention
Thirty minutes before the closing bell Friday, volume of Technest Holdings Inc. (OTCBB: TCNH) was at 900,000 - compare that to a daily volume of 50,000 shares a day and there's bound to be speculation. The extraordinarily high volume prompted a Technest response this afternoon, just after the company reported its 2007 third-quarter results.Technest closed at 31 cents per share Friday afternoon, down 66 percent from Thursday's closing price. In the press release, the company states that its value is not reflected in Friday's closing price - and refers investors to its 2007 third-quarter results filed with the SEC Friday…