FRANKLIN TELECOM (FTEL) Message Board

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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)

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To: VALUESPEC who wrote (27561)	2/10/1998 7:29:00 AM
From: William Harvey	Read Replies (2) of 41046

Effectively the price is now under $4, that is, for those companies ready to convert their preferred shares in March. The average for February is now at $4.67 and so they can convert at 85% of that. Unless we have a great day today, it will go down again. At $4/share they can convert to 280k shares. Hopefully, Frank's strategy would be to make it attractive to hold onto those shares from here on out. This may work out VERY nicely too with the NASDAQ coming and 'six figure' sales coming. I think he'll make the shareholders meeting a smashing success, too. Things are busting out all over. VS: geocities.com WH

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