FRANKLIN TELECOM (FTEL) Message Board

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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)

FTEL 3.320

+9.8%

Jan 15 3:59 PM EST

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To: Jack Sman who wrote (30956)	3/24/1998 6:31:00 PM
From: William Harvey	Read Replies (1) of 41046

Thanks, Jacksman. Selling did the talking today, with 152.1k at offer to 192.1k at the bid. We touched bottom at 3:13 and from that point we had 37.2k/offer to 1.3k/bid. We had support at $3 and there is also an indirect support at $3.5. We are nearing conversion day for JNC Opportunity. On Thursday, they can convert $410 thousand, but not to worry: The average closing price over the last 19 trading days is $4.13, which gives them the right to pick up shares at $3.51. We could be at $3.5 sooner than later. WH

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