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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)
FTEL 3.025-1.8%Jan 14 3:59 PM EST
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To: Pat Garaffa who wrote (29252)3/2/1998 11:15:00 PM
From: River Rat  Read Replies (1) of 41046
 
Moving funds from retirement( a portion) and from no longer needed life insurance policies to FTEL as long as I can get it at $4.50 or better. If no pop in the stock in next 5-10 days will probably dwell in this area until the next quarterly and allow accumulation which i will do as money allows. I may not bet the farm on this one stock but I will come close enough . One man's opinion based on being in Westlake this past weekend with a sceptical eye, is that we have a winner of gargantuan proportions---a company that will be bought or will become a big time competitor. Take note of the actual outstanding debt the company has and how small that is. Take note the leaders asked for and received approval for 2 million shares to be used as employee incentives. Take note the CFO had salary raised from $60k to $90k, not much above poverty level in that area of Calif. Take note the CEO repeatedly deferred portions of salary.Take note the company has become focused. Take note of ancillary sources of income such as Malibu with several nice contracts pending.( Did anyone list the links Malibu showed us? If so I would like to revisit them. ) Take note that the story of this company is one of unpolished becoming polished through trial and error---not through slick advertising--but a company which CONVINCED the present firm to represent FTEL. A good foundation for all astute investors. Sell all you want Mr Meyerson--I accept charity .
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