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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)
FTEL 2.450-0.2%12:12 PM EST

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To: Jamey who wrote (1802)1/8/1997 4:54:00 PM
From: Dan Spada   of 41046
 
I share your sentiments as well. There's been a lot of debate and open discussion on the topic of the audit. One thing is for certain and that's we're not getting the whole story. My personal gut feeling is that Franklin is holding the audit info so they can release it as close to 2nd q #'s as possible. Sort of like Franklin's in no rush to get this info which is probably a smart move on their part with the recent news and the release of the Cyclone eminent.
All in all, I'm satisfied with the way recent events have played out and there seems to be pretty good support around 2.00 so i'm not worried in the least.
It's just that blaming this audit delay on the accounting firm is getting a little weak, at best.

Just anxious to get the ball rollin',

Dan
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