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: elk who wrote (21317)	11/14/1997 7:14:00 PM
From: Gary R. Owens	Read Replies (1) of 41046

Evan, Is this what you meant? (at the bottom of Frank Peters' message) CURRENT EVENTS: We are now poised to take FNet to the public so we can make our dreams (and 5 years of planning!) come true. ------------------------------------------------------------------------ The Financial Plan has expanded to 4 steps: 1.Raise $2,000,000 via a Private Placement of FNet shares at $1.00 per share to finish the design and acquire certain software assets to complete the Franklin Data Voice Server (DVS). Finished April, 1997. 2.File ans S-1 Registration Statement with the SEC to register warrants for FTEL Stock granted in 1995. This should raise $2.5 Million - non dilutive. Underway, nearing completion. 3.Raise $10,000,000 in up to 3 steps to facilite through a private placement of FTEL stock for production of the Data Voice Server. Underway. 4.Raise $100,000,000 via a public offering of FNet at a pricing range of $10 to $15 per share to grow the operation and deploy the FDVS in 25+ countries. In Preparation Here's the link, ftel.com regards, gary dah3

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