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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)
FTEL 0.812+6.9%Nov 26 3:59 PM EST
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To: STK1 who wrote (35661)7/8/1998 12:47:00 PM
From: Michael Dickerson  Read Replies (2) of 41046
 
I am curious too Charles. I am really concerned about meeting the $4.00 per share price by September 2nd. The market seems to ignore ALL news releases from FTEL lately. In fact, check out the volume after the last few releases... very little reaction at all. I think the market is tired of FTEL's false starts in the past and is now waiting to see real $'s. That won't come until after the release of some quarterly numbers. I expect an increase in revenues for the most recent quarter but don't think it will be NEARLY enough to move the stock like it needs to be moved to get back to the $4.00 per share price. Revenues in the current quarter should be MUCH improved but those numbers won't be released until the early part of November I would expect. I still don't see anything on the horizon to move the stock price significantly prior to 9/2/98.

My greatest fear is that Frank's statement that "June was shaping up to be the best ever" is going to haunt us. Something tells me that it won't be the $2.4mm or whatever number that was achieved in the 80's. I am afraid that its going to be a pretty good number but the disappointment factor of not being the "record" is going to hurt us... just another hunch.
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