FRANKLIN TELECOM (FTEL) Message Board

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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: vic klimpl who wrote (33529)	5/7/1998 4:36:00 PM
From: Pat Garaffa	Read Replies (2) of 41046

Enough about VS already! Let's get back on track here - we have a company to run! <gggg> I have a few questions regarding the 10Q for anyone who can answer: Now that FNET is considered a seperate subsidary of FTEL, what happens to the cash in the FTEL bank that was raised to create the FNET network? Will it move over to FNET's assets and disappear from the FTEL balance sheet when the next 10Q is released? Or will FNET and all it's assets remain as an asset of FTEL based on the percentage owned? (i.e. 10 mil in bank, FTEL owns 70% of FNET, FTEL assets now equal 7 mil). Is it that simple or am I missing something? And if so, won't that do a number on some of FTEL's financial ratios? When cash is moved back to FTEL, in the form of equipment sales, how will it appear on the balance sheet? Will all of FNET's assets (cash plus whatever) be reflected in FTEL's balance sheets based on the percentage owned by FTEL (70%)? How is FTEL's 70% ownership in FNET reflected in FTEL's balance sheet? Is it based on market capitalization or book value or ???? Will this asset appear differently before and after the IPO? Any help is greatly appreciated! Thanks, Pat

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