FRANKLIN TELECOM (FTEL) Message Board

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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)

FTEL 0.682

+1.8%

11:46 AM EST

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To: Mike Anderson who wrote (27468)	2/9/1998 2:35:00 PM
From: David McCleary	Read Replies (2) of 41046

Mike, you asked what is bringing our stock down. As I stated previously, I believe it is the "gravitational pull" (my own analogy) of FTEL's P/B and P/S ratios in light of the upcoming Nasdaq listing. The stock price is just trying to get more in line with it's fundamentals prior to being listed. Frankly I'm not concerned, at $4 I'll be buying a little more (recall I predicted $4 by March 2 based on TA and fundamentals and I'm still sticking to that) I'm not saying I think $4 will be the bottom, based on fundamentals it could be well below that once on Nasdaq, but I sure don't want to be caught with too few shares if and when orders start to come in from the trial periods which will REWRITE FTEL's fundamentals!<ggg> I know alot of you don't think a discussion of fundamentals such as P/B and P/S is appropriate with FTEL. As long as we were staying on the BB I'd agree, but Nasdaq isn't as kind so fundamentals such as Book Value will begin to dictate the price IMO. Our goal at this point should be looking forward to sales which will increase fundamentals, not being concerned about a slide in the stock price. Dave

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