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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)
FTEL 3.025-1.8%3:59 PM EST
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To: Martin P. Smith who wrote (27352)2/7/1998 3:01:00 PM
From: Jack Sman  Read Replies (3) of 41046
 
Martin ~ That's pretty much the way I see it. From what I understand, Frank's filing goes in each quarter. The amount of shares is directly tied to something out of his control in order to avoid any SEC violations. In this instance, it is tied to the average volume traded in the stock. This latest filing is the largest yet which co-incides with the increase volume over the last several weeks.

As far as Frank not selling, I agree that I haven't seen a Form 4. An insider selling has until the 10th of the month following the date of the transaction. So I really don't see how we can know if Frank did sell this last week until March 10 at the latest. Going over all of the filings last year and this, there has been no selling accounted for. I have to wonder myself why Frank didn't unload when the price was at $10. This is part of the reason that I keep holding. Is he expecting better than that? Why else wouldn't he have sold? My guess is that if $10 wasn't enough incentive, $5 certainly won't be.

It is also my understanding that a few employees are now coming into their unrestricted shares. I talked to one such employee and they stated that there is no way they are going to sell at these prices. The reason for them filing now is that there is only a small window that they can file because of SEC regulations having to do with the IPO. So even if they file now, that doesn't mean they have to sell but allows them a window of time if the price appreciates. ~ Jack
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