FRANKLIN TELECOM (FTEL) Message Board

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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)

FTEL 2.440

-7.6%

Jan 30 9:30 AM EST

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To: Citidude who wrote (27191)	2/5/1998 5:00:00 PM
From: Paul Hofmann	Read Replies (1) of 41046

All, From Helen: "re: NASDQ listing...the 30 day period for watching share price was up last Friday, at which time our ave. was over 5...Meyerson started selling after close on FRI...the first 50,000 share block went through Monday. Nasd sent a comment letter to FTEL last week and asked for some minor clarifications...Tom said they will look at the whole and it will be easy to dcemonstrate that the last 3 days of sell off was due to Meyerson...She said Meyerson never holds stocks...with volume at 655,000 now most of their shares are gone...the good news as ELK has pointed out is SOMEONE out there is buying up shares at a great price....." BIG volume today, but price only down 3/16 from what I can tell, even in the face of this selling. I am remaining optimistic, and reasonably so. Thanks Helen for posting this on the other board! Shalom all

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