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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)
FTEL 0.850+4.7%Nov 28 9:30 AM EST

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To: Roger Bass who wrote (28325)2/18/1998 8:15:00 AM
From: topwright  Read Replies (2) of 41046
 
Roger, I personally liked your post as it showed that you did in fact do a reasonable amount of due dilly and took the time to thoughtfully analyze and make decision based upon your findings.

Unfortunately S-1's and SEC documents tend to accentuate the negative especially in a start-up venture where R&D is a drag on the bottom line, and the resulting success of new product is an unknown.

Certainly everything you highlighted regarding dilution is a prudent consideration in any investment analysis. I also share your concerns as everyone should.

The difference between you and I is the faith that I have in Franklin's immediate prospects as they pertain to the Tempest and FNET. If all my research had revolved around what I read in filings, I like you would probably not be so heavily committed within my portfolio to Franklin. Over the past decade I have specialized in becoming extremely focused on the communications sector and have familiarized myself with many a promising company and their technologies. Franklin to me represents a very promising speculation within that industry and it is my belief they hold an above average chance of becoming another notch in my gun handle of investment winners witin the communications industry.

Let me conclude by saying that your emphasized views of those things that weigh heavy on Franklin leave no room for mistakes. If Franklin fails to deliver on the promise that I have chosen as the basis of my investment, then it is not going to be a pretty picture.

But if you judge Franklin for what it is, a high risk/high reward speculation and allocate the prudent amount of capital, then you should be able to see past the doom and gloom and see the promise that it holds, not guarantees, but promise.

To each his own and good luck to you also.
rb
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