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: PekingYen who wrote (35215)	6/24/1998 7:50:00 PM
From: Ray Burke	Read Replies (3) of 41046

PekingYen, the lockup did many good things for PNLK today. * It showed the officers' commitment to the company's idea, plans, and future. * It gave the naysayers (calling the co. pump & dump) a whole lot less ammo. * IT HELPED REBUILD INVESTOR CONFIDENCE. * It attracted much new investment dollars. * It may have attracted some large investors. * It reduced the total number of shares in the public float. * It gave current investors a good reason to acquire more shares. How many shorts do you think covered today? Also it was the type of news that caused buying in the stock, rather than buying the rumor then selling the news. This kind of news it seems encourages buying because in effect it shows INSIDER BUYING (or holding as it were), without the officers having to shell out hard cash! Ray

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