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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)
FTEL 0.696-5.5%12:02 PM EST
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To: topwright who wrote (171)10/20/1996 9:21:00 PM
From: semi-recumbent   of 41046
 
Raleigh et al

Another interpretation of the press release:

The release states there will be a 10%/20% fee for capital generated for FNET in 90 days time frame. It does NOT state the capital raised is limited to the $10 million bridge financing phase. It can be argued that an IPO would be a raising of capitol and if accomplished in 90 days would also generate the agreed upon fee. If so, the math would give DCI a fee of 10%/20% of $100 million.

Sam
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