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: Pat Garaffa who wrote (33533)	5/7/1998 5:48:00 PM
From: topwright	Read Replies (1) of 41046

Pat, those are some very good questions. Although I can't answer for Franklin, it is my belief that the funds would remain under the dictates of Franklin, to be utilized in the initial build out of FNET's Network. Until such time that FNET spins out as an IPO they would remain officially as a subsidiary of Franklin Telecomm, running under their own management. At least that is my understanding. Assuming "the primary network" will be built out by the time FNET IPO's, it is my guess that the referenced money will pretty much be depleted in the process. Remember the reason for the IPO is to raise the funding for the completion of FNET as a GLOBAL communications provider. I'm sure that those funds will divided up into percentages, and allocated for equipment, operations, marketing, and advertising. My reply of course is general, and I'm sure you would need to speak to the company for a detailed breakdown. Hopefully this was of some help, rb

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