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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)
FTEL 3.030-1.6%3:59 PM EST
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To: Martin P. Smith who wrote (27212)2/6/1998 8:54:00 PM
From: Daine Newman  Read Replies (1) of 41046
 
QUESTION: Helen and Martin's knowledge of Frank's profit taking do
not seem to match. It is obvious, he would not want to 'dump' his shares
on the market.

BUT is it Martin cannot find the Form 4 filing? Or was it
not filed? Is there a site to access these forms?

And WHY file the 144 if not to sell? Just in case?

I would really like to get this straight.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

From: Helen West
Thursday, Feb 5
Reply # of 27326
.. You are absolutely correct. Frank Peters, as he announced last March,
registers a block of shares each quarter that are available to sell. The number of shares
which are registered is based on an SEC formula and the registration is implemented
without Frank's direct involvement. ..It does not mean that the shares will be sold;"
THEN WHY BOTHER?] ."indeed, if you look at the past quarters, some shares were sold
in a blind patterned sell on Frank's behalf --.."
"""""""""""""""""""""""""""""""""""""""""""""""""
From: Martin P. Smith
Thursday, Feb 5 1998 7:08PM EST
Reply # of 27326
He also filed to sell the same amount 3 months ago. This is an old story, Frank Peters
regularly files this document. He has yet to sell any shares as evidenced by the lack of
form 4.
Martin Smith
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from: The Securities Law Home Page one of the Top 10 law firm web sites available on the Web.
FORMS 3.4 and 5
Every director, officer or owner of more than ten percent of a class of equity securities
registered under .Section 12 of the'34 Act must file with the Commission a statement of ownership
regarding such security. The initial filing is on Form 3 and changes are reported on Form 4. The
Annual Statement of beneficial ownership of securities is on Form 5. The forms contain information
on the reporting person's relationship to the company and on purchases and sales of such equity securities.
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