FRANKLIN TELECOM (FCM) Message Board

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Technology Stocks : FRANKLIN TELECOM (FCM)

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To: lostmymoney who wrote (1698)	9/2/1999 11:54:00 AM
From: Daine Newman	Read Replies (1) of 2891

Agreed. WAY more details needed! At first I read the press release thinking the same as some of the other posters. 'Good, getting a credit line is just part of good business practices.' But wait a minute! Upon re-reading, this is just issuing more shares again, when the budget gets tight, isn't it? And doing it in a way that will (1) negatively affect shareholder value and/or (2) provide another company a large position/say in the company. It would be one thing if the company was any major player in the industry. Maybe I'm misinterpreting the facts. (Of which there are few available.) But for now, this is just too weird for me. Obviously time will tell, but personally just don't see it.

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