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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)
FTEL 0.871-2.1%Nov 14 9:30 AM EST

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To: Ward W. Ward who wrote (26361)1/30/1998 5:03:00 AM
From: Noneyet  Read Replies (1) of 41046
 
Ward,

I don't see the distinction between the two business segments. Are you inferring they will not seek an ISP presence overseas, but will sell their hardware ? Can you elaborate ?

By the way, I suggest that you read the "new S-1a" very carefully. Even to an untrained eye, Ftel's financial future seems highly leveraged.

Pay particular attention to the section regarding " Convertible Shares " their due date and short selling ( Page # 35 ). Also please note the amount of shares that are available for issue ( 90,000,000 ), which can and have been issued to pay debt, loans, purchases, private placements, lucrative options plans, etc etc.

freeedgar.com

Regards,
Tom
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