FRANKLIN TELECOM (FTEL) Message Board

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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)

FTEL 0.473

-30.7%

3:59 PM EST

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To: William Harvey who wrote (39212)	11/8/1998 11:30:00 PM
From: Seth L.	Read Replies (1) of 41046

William I am not sure I follow what you are saying so I will try to ask precise questions so you can straighten me out. You stated At what point do you consider 50 employees not selling enough to cover their salaries, anything to do with expansion? William if this is true that the company has 50 salaried sales people its news to me. Is that what you are saying or am I missing your point here? For that matter, at what point do you consider Frank persuasive, considering sales remain below their levels of one or two years ago? I agree here although they are selling a product currently that is out of beta testing just about 1 year now. I'm not talking about FNet. FNet is on the books as a negative asset. Did you get your proxy in January? Half the people here didn't. Think FNet can't disappear from the books? Actually I did receive all my proxies. But I do admit that was a screw up. The question is given the chance that all received their proxies would that change our current company status? PP vs raising more money FTEL has already had lots of cash, enough to deploy 1,000 Tempests. Indeed at the time the CFO indicated we'd have 250 Tempests in place by 12/31/97. At what point has there been enough of a cash infusion? You mean 12/31/98 but I see where you are coming from. The company is running in the red that is a fact.Cash is being spent and I believe it is being spent in an aggressive manor . They are not sitting on their hands they are trying IMO to make this happen. But hey this could be an elaborate scam. This is the world of BB and it SUCKS! William was their not some mention as to a time frame of 13 months? Maybe I am thinking of another stock but if it is this one than that statement was made beginning of the summer so we are half way through the projected end. Could you please help me on this I am not sure if my memory is accurate here? This is not to say that Frank can't pull off an IPO, but most CEOs like to stay away from the penny stock mentality. Frank likes it. Maybe we'll IPO FNet for about $.10/share. I disagree but thats just my opinion. Do you think that the companies current situation share price wise was contrived (bad word edit is a result of a careless attitude) or do you think Frank would rather be listed on an exchange? You by your statement I guess thinks that the former is true. Thanks for your thoughts and I hope I understood what you were trying to say. Seth

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