FRANKLIN TELECOM (FTEL) Message Board

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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)

FTEL 0.970

-5.8%

12:03 PM EST

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To: P.F. who wrote (32544)	4/21/1998 10:17:00 PM
From: kgreen	Read Replies (2) of 41046

First, I admit I have not read through the entire thread of messages today. I spent a lot of time checking out the FTEL situation. For those who do not know me, I've owned FTEL since it was .03. FNET: it makes sense for FTEL to set up FNET as an independent subsidiary that has its own independent management team. FNET is a service oriented company. FTEL is not (nor is its management team). If you are gonna do something right, get pros who specialize in that area to do it. You wouldn't hire a plumber to perform heart surgery would you? Anyway, the FNET "spinoff" bodes well. FTEL's plan is to let FNET cook along and when it begins generating revs (hopefully this summer), look at an IPO. In the meantime, FTEL makes money.. and can focus on its expertise (technical). NASDAQ listing. Looks like the NASDAQ is putting FTEL's application on hold. The price is well below the $5 needed to get on NASDAQ national.. and below the $4 to make small cap. FTEL has been approached by AMEX but for obvious reasons, would prefer NASDAQ. WARRANTS: Meyerson, for apparently evil reasons, has been exercising its warrants. About one million shares have been added to the trading float (exercise price of $1.25). The MM tracking Meyerson's activities (Meyerson is no longer an FTEL MM by the way) says the last of the warrants were executed last week. The new shares are now in the process of being sold. Once they're unloaded, Meyerson is done. We can only hope this will allow the price to climb again. A million shares sold through in seven weeks can do a lot of damage to a price (as has happened). PROSPECTS: Get the new shares sold through and the price should rise. That means the NASDAQ listing could be granted in about five weeks (FTEL needs its stock to trade at an average of $4 or higer for 30 days). At the same time, FNET could move into profit range. All bodes well.. long time share holders just need to hang in there a little longer. Kath

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