FRANKLIN TELECOM (FCM) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : FRANKLIN TELECOM (FCM)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Seth L. who wrote (1623)	8/18/1999 8:43:00 AM
From: Noneyet	of 2891

More lies............. Someone asked about usat's status, well here is the lastest report from the battle front regarding usat. It seems this poster thinks the stock has gone into hibernation. messages.yahoo.com This is most interesting because from usat's lastest SEC filing, it seems usat is in a big time cash bind. So it would seem the above post is credible. Plus usat is claiming that they have outstanding accounts payable to primary equipment and service suppliers. That is also interesting because fcm was usat's primary equipment supplier and as fcm has claimed that were paid in cash and that sometimes they were paid in advance. The following is taken from usats 10Q filed 8/16/99, for the quarter just ended. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> "As of June 30, 1999, approximately $2.4 million in equipment purchases and installation costs were in accounts payable as compared to $2.5 million at December 31, 1998, reflecting purchases made from primary equipment and service suppliers. Cash on hand at June 30, 1999 was $246,746 compared to $4.338,438 at December 31, 1998.." >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> More Lies In My Next Post

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next