FRANKLIN TELECOM (FTEL) Message Board

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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)

FTEL 0.670

-3.5%

Dec 24 12:55 PM EST

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To: Judith who wrote (21029)	11/11/1997 10:13:00 AM
From: Martin P. Smith	Read Replies (1) of 41046

Judith, My opinion on why an IPO. FTEL wish to remain independandt of their customer base. If they owned FNET then they could be seen rightly or wrongly as showing favouratisn to FNET. In addition it allows FTEL to show sales to FNET as just that sales. If FNET were wholly owned then the sales would not be seen as income to FTEL. As always JMO Martin Smith

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