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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)
FTEL 0.655+1.2%12:25 PM EST

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To: philan who wrote (36181)7/15/1998 11:57:00 AM
From: George Kirlin  Read Replies (3) of 41046
 
Wow, Philan, thanks for uncovering that little gem. Investor Confidence at an all time low, I agree, and everyone asks who is selling; the Series C Preferred holders are converting and making it worse. Unfortunately, too many of them were just there to provide the funding with a guaranteed short term flip for some profit and we long termers are left watching equity erode and dilution continue. It's all in the revenues or in a "big name" alliance. Neither of which has happened yet. Third quarter numbers should be rosier, but what til then...
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