FRANKLIN TELECOM (FTEL) Message Board

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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)

FTEL 2.080

-4.1%

Feb 10 3:59 PM EST

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To: topwright who wrote (1690)	1/2/1997 1:41:00 PM
From: Andrew	of 41046

Sorry, but I don't buy that BS about "improved balance sheet" benefitting shareholders as a result of IPO spin-offs. I lost lotsa $$ on Worldcorp, which spun off chunks of US Order and World Airways to an unsuspecting public, and then all three companies had lousy performance. Stock in WOA (WorldCorp) went from 8 to 13, but came back to $4.25!! I even asked investor relations at the time "what's in it for me" as a WOA shareholder when US Order was spun off, and was told "Improved balance sheet". Fat lot of good it did the then-current WOA shareholders. If I had the $$, I would get my $1.00 FNET shares NOW and LOTS OF THEM, assuming that deal is still available...

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