FRANKLIN TELECOM (FTEL) Message Board

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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)

FTEL 3.220

-1.5%

Jan 16 9:30 AM EST

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To: David Hurd who wrote (27199)	2/5/1998 6:02:00 PM
From: Darrel Orpen	Read Replies (4) of 41046

My read on the new money coming into FTEL is as follows: My understanding is the warrants are exercisable at $1.25. Therefore, if 600,000 warrants were exercised by MHMY over the past few days, this would result in 600,000 x 1.25 = $750,000 coming into FTEL. MHMY would then go to the market and sell them, at market, to make their profit. But only the exercise price times the exercised shares would remain within FTEL's treasury. It will start to add up once all warrants are exercised! Correct me if I'm wrong. Any comments? Darrel Orpen

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