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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)
FTEL 3.080-12.0%Jan 26 3:59 PM EST

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To: Dana French who wrote (12254)6/12/1997 2:58:00 PM
From: James Erceg   of 41046
 
to Mr. M Allen,

forgive me for this request (and to everyone else who may have already been through all this), but, can you explain again why it is
your belief that the short-term price will be affected by the S1?
I recollect mention that there is a large number of warrants outstanding at $1.31 which can only be exercised at $1.81? perhaps I have mixed up who has said what, but it would be appreciated if you
could clarify this point.

je
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