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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)
FTEL 0.473-30.7%Dec 31 3:59 PM EST
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To: VALUESPEC who wrote (37921)9/23/1998 2:00:00 PM
From: DavidCG  Read Replies (1) of 41046
 
Maybe I'm missing something here... I looked at Valuespec's link to FTEL's financials and I read this:

"and 2,000,000 shares are issuable upon conversion of shares
of the Company's Series C Preferred Stock held by certain Selling Shareholders (the "Convertible Preferred Stock)"

Now doesn't that mean a total of 2 million shares can come from these Series C conversions?..

If so, what exactly is the big hoopla about 2 million more shares?

-DavidCG
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