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Technology Stocks : FRANKLIN TELECOM (FCM)
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To: lostmymoney who wrote (2189)9/29/1999 5:04:00 PM
From: Noneyet  Read Replies (2) of 2891
 
It is interesting what a great financing deal fcm has made For Their Investors, isn't it. The best part is that this is only the first round of financing. This past one was almost one to one at approx. 2 million dollars for 2 million shares. There is still 4.5 million dollars left if fcm needs it ????? HOW DO YOU LIKE THAT ???

2.2 million shares to be sold, ( assuming 200 hundred thousand belong to management and they are selling their shares ) besides the fact that the sheik's agent for the sale of this stock is allowed to short it. Crescent stands to gain on both sides of this transaction a total of between 4 to 12 million dollars. That is assuming monies are made on both short and long ( which investors were told that shorting as stated by the cfo "The agreement specifically provides that the investor, or any affiliate, cannot engage in any short sales transactions of the Company's stock." ). Now make an average of 1 to 3 bucks a share on both sides of this deal ( Short & Long again ), and viola. there you have it.
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