Franklin Consolidated Mining- a turnaround gold story Message Board

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Gold/Mining/Energy : Franklin Consolidated Mining- a turnaround gold story

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To: bags who wrote (5)	6/5/1997 10:40:00 PM
From: hopeful	of 13

Have you read the annual report. It appears that most of the stock transactions are unrelated to actual sales. There always seems to be obligations of the company that stock issuances covers. According to the report their liquid assests equal about $147. ~90,000,000 shares at 1/8 today, that is $10,000,000 value. Where is all of the money going? They keep on stating that the future of the company is based on Gems providing cash needed. What are the real prospects for the company? What is the real value? Why are there so many companies connected to Franklin (Island, Gems, Zeus, Nuco, etc.)?

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