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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)
FTEL 0.732-10.6%Nov 19 3:55 PM EST

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To: Eric Maggard who wrote (12640)6/23/1997 1:27:00 PM
From: M Allen   of 41046
 
>For Form 4 it states that it has to be filed by the 10th of the month following the >sale

Eric,

I am sure someone will correct me if I am wrong, but it is my understanding that only insiders in "reporting" companies are required to file Form 4.

Again, I am not stating that any insider has or has not sold stock. I am not even saying that it is good or bad if any insider sells. I am only saying that some of the posts on this board re: 144's and Form 4 may be incorrect.

And again, if FTEL releases financial information that shows they are shipping at an annualized rate of $20 - $40 million I would definitely be a buyer.

Best to you.
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