FRANKLIN TELECOM (FTEL) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)

FTEL 0.659

+1.4%

Nov 21 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Frank A. Coluccio who wrote (34322)	5/31/1998 4:53:00 PM
From: topwright	Read Replies (2) of 41046

Frank, sorry that was not defined better. The institutional buyer(s) were the 1.744 million shares bought through Schwartz back in I believe Feb. It was made up of approximately seven different sub-institutional players that brought approximately 8.3 million bucks to the party. The average share price was 4.64 per FTEL share. (the above is from memory so I may be off a little, damn little,gggg) Prior to that there was a private placement on FNET at $1.00 per share. At market value this would have been $5.64 per share combined and since FNET is rolled into Franklin at present, it would then be considered to be an entity of Franklin. I was only using this as an example of what value has been placed on Franklin after extreme due diligence on the part of institutional players. And to think they usually buy at 15% to %20 below market value even puts more of a premium on Franklin in my opinion. Hope this helps to clarify, rb

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next