Thomas we must continue. It not need be arguments, just simply clarification. Below I have my edited version of your post. I changed very little cept I removed a few points and I will explain why on my next post.
1) Franklin hires key employees with statements like: And I quote" Westlake Village, CA, June 11, 1998 -- Citing its success in attracting management talent to address the challenges of explosive growth in the international IP (Internet Protocol) telephony market, Franklin Telecom (OTC: FTEL) today announced three executive appointments to key positions at FNet Corp., Franklin's next generation telephony company subsidiary. "
Then never relaeses annoucement that they have left
a) James L. Magruder
b) Kevin Kuykendall
c) Enrique Serna Martinez
d) Sparrow Marcioni
2) The details of option packages are not shareholder friendly.
3) The growth of outstanding shares without one forward split EVER. However, there was a reverse split.
4) Lawsuits vs Magruder / vs Enrique Serna Martinez and no public announcement of this event.
a) How do you hire someone as a Corporate counsel, know that he is licensed to practice law in Texas, ( not California )sign an agreement making the State of Texas the governing law, than bring suit in California, and site the fact that this attorney is not licensed to practice law in California as one of the reasons for that suit. Why hire him in the first place if his skills are not applicable. Thomas I left this in but could you give your source and are you talking about FCM lawyer or Mcgruder lawyer?
b) May 13, 1999, Fnet filed Court documents vs Magruder's plainly state that usat has suspended performance and withheld payments due fnet. No public announcement of this problem and / or that it is/was now corrected..
5) 800 number fiasco and subsequent lawsuit by AT&T.
6) Terms of the AT&T settlement were never made public.
7) As of the shareholders meeting fnet has failed to IPO.
8) Node count never changes.Feb 11, 1997 through June 18, 1999. See below.
Message 803546
ftel.com
9) Poorly written press releases, lacking details ?
11) Atlanta office is closed
13) Revenues unaudited.
14) Posters that claim information, that is not available to the public. See items # 3, 6 ( unproven ), 9, (21?), 22, 23, ( 26?). Seth's post # 1063. Not sure about items in parenthesis.
15) Litigation of negative posters threatened when recent company litigation was made public.
18) franklin's rescue of stranded AOL users.
19) false promises made by company in the past. ie,When is the big Kahuna going to arrive ( it was scheduled Mar.21, 1997 )
exchange2000.com
exchange2000.com
20) franklin's relationship with the delisted and it seems now defunct gandalf and that company's propensity for sensational headlines. Leading to a dead end.
21) franklin's ex partnership with dctc. Dctc has not resumed trading.
23) defunct Intrine deal.
25) Past product announcements and failures, after glorious headlines and board hype.
26) 70,000 shares less in the CEO's holdings. Assigned to children and grandchildren ( according to and quoted by posters ), while executives demonstrated confidence and purchased.
29) Share price appreciation. Leaving out the $10 price of 1997, how many 4 & 5 dollar trips has the stock made?? Chart below.
finance.yahoo.com
My posting this does not mean I agree with what he states as facts simply that I am respecting the fact that he says he can back them up. I am sure other posters will have a go at disproving him. That part of the challenge is next
Thanks again Sethy |
