FRANKLIN TELECOM (FTEL) Message Board

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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)

FTEL 0.889

+21.8%

11:05 AM EST

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To: JHP who wrote (38012)	9/25/1998 4:28:00 PM
From: Jack Sman	Read Replies (1) of 41046

JHP ~ Up to this point, I've kept my tongue regarding your misinformation and implications. I'm going to give you credit that you are intelligent enough to know how the Private Placements actually work. If I am correct then this would mean that you are intentionally misleading people. But just on the far out chance that you really don't understand and are spewing about what you don't know, I'll give you some mentoring. When the PPs were offered, every shareholder or potential shareholder has the right to participate. There are certain regulations imposed by the SEC (that's not South East Conference), which require a certain percentage of the shares to be sold to 'qualified' investors (meaning the investor meets certain requirements which can include net worth, investing experience, etc.). The rest of the PP shares can be sold to 'unqualified' investors which don't have to meet the same requirements. But it all depends on which regulation the PP is set up under. You, me or anyone else had a chance at the PPs. Your comment about PPs being a way to buy at a discount is also erroneous. It doesn't always work out that way. It is very possible to buy into a PP and for those shares to end up worthless. It is also possible that the shares may end up being cheaper on the open market just a short time after participating in a PP. Franklin Telecom for example. They offered a PP fairly recently where the shares were sold for $3 a share. Now you can buy shares for less than a buck. So that would void your theory that Vic or anyone else is buying at an unfair discount. Tell you what! You can buy my PP shares for half of what I paid and I will buy them back on the open market for .78. Is it really fulfilling for you to try and discredit this company and all of the work that they have done or do you really dislike being a destroyer? ~ Jack

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