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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)
FTEL 3.550+1.4%Jan 9 9:30 AM EST
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To: STK1 who wrote (39129)11/4/1998 9:38:00 PM
From: William Harvey  Read Replies (1) of 41046
 
Maybe it's time to clarify the two agendas of FRANKLIN TELECOM:

1) FNet shareholders that don't own any FTEL. They figure as long as upper management considers the Tempest a gadget, FTEL is completely dependent on any valuation of FNet stock. They praise the success of FNet but stop short of saying 'FTEL sucks'.

2) FTEL shareholders who don't feel dependent on FNet stock at all. As a matter of fact, it's held on the books as a negative asset and it won't be long before Frank is going to send them stock certificates for their share of FNet (if he doesn't just make a present of a few million shares to himself - 'da proxy is in da mail' - it would sure beef up the FTEL balance sheet, wouldn't it?).

Honestly though, as long as no one's talking to their wives about their investments it'll be a while before they realize their spouses have all shorted FTEL a long time ago!

I realize you may consider this a sorry contribution, but I don't see any hope of harmony between these two factions of Franklin until we get some real news (FTEL news). You know, we had the $7.5M cash infusion for the deployment of 1,000 DVG's and the ducks just weren't in a row, were they? Well, the conversions had more leverage than we thought. I don't mean to blame the conversions: It sure could have gone the other way but nobody's going to think about that.
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