FRANKLIN TELECOM (FTEL) Message Board

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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)

FTEL 0.871

-2.1%

Nov 14 3:59 PM EST

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To: Martin P. Smith who wrote (19593)	10/27/1997 11:03:00 PM
From: topwright	Read Replies (3) of 41046

Martin, you asked about my math. Here is how I computed it in my head. $120 mill divided by 22 million shares = 5.45 x .60% = 3.27 per share Now what isn't taken into account is the number of shares total outstanding in FNET. If 22 million equals 40% then 33 million would equal the other 60%. If you took that x 5.45 = 180 million dollars. If you then took 180 million and divided it by lets say 20 million shares of FTEL, you'd be looking at something around $9.00 per share of added value to Franklin. Hey old boy, I think you're right it's certainly more then $3.00. My head is swimming. Would if the IPO is priced at $5.50 and goes off at considerably more? Somehow I think I would have had an easier nights rest at the lower price. 1 FNET, 2 Fnet, 3 fnet, 4 fnet, 5 fnet............... RB sleepin with a smile

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