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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)
FTEL 0.855+5.2%12:59 PM EST
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To: Seth L. who wrote (34374)6/2/1998 7:14:00 PM
From: STK1  Read Replies (3) of 41046
 
Seth I believe we knew this all along.I wonder why we would all of a sudden feel that this is any different then before.We still are otc and thus are somewhat looked down on.Nobody will buy large blocks on this old news.The 4 dollar mark we may reach if we were already listed there but since we have to follow the rules we won't be there.Just a reality check not a detrimental look at ftel but at reality on the otc. Seth have a great day and I hope really hope we stay at 4.01 for 10 days or even at 3 bucks.The 3 rd qtr ends sept 30 and the listing will expire before we get any indication of any increase in FTEL/FNET revenue gains from the GLOBAL building of the FNET network,So I don't see how we can expect that to help unless we get a whole mess of sales right now,before the end of JUNE.I welcome all your Ideas and the rests if you can come to a better solution then a large stock placement,or a buy back.The dilution is going to continue to create havoc as long as we are in the otc.2 to 1 sales for weeks 35 to 40 % increase in volume and the mm won't let the stock run.The 8 guys are making a killing on us and they won't let us go.
Also the big part BTW is the perception of stock/company value,Is there any reason why this stock should not be trading on a much higher trailing P/E?/I don't think so,but even if the MM's raised the price and goverened more on the small cap index for p/e's and book value would the public buy it.I think so but we can't seem to find out.
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