SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)
FTEL 0.730+7.4%Dec 26 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Seth L. who wrote (39233)11/11/1998 9:04:00 PM
From: William Harvey  Read Replies (2) of 41046
 
Seth and VS,

Two points on the Intrine order:

1) The runup to $10 had already occurred and had nothing to do with the order. Ninety percent of the runup was on the basis of the Cyclone orders coming in. However, I bot some FTEL right before the order came out and made about 30% in 30 minutes on its run from $6 to $8. The entire impact of the order lasted only a couple of weeks before the price was back to $6.

2) I'm skeptical that the company (was it called Intrine at the time the order was put in or after?) had any revenue for the six months before we got the order. Had we been given the website URL, the stockholders would have exploded. The website of the company committing to buy, had not updated their site for almost six months, even though they once regularly did it every 2-3 days.

I am fascinated by this issue. An internet hobbyist wouldn't touch a company like Intrine because they really didn't care about their presence on the net. An internet company without an active website is not an internet company, let alone a major one. The internet professional (or hypster) could think of reasons why the company couldn't afford to update their webpage, without cutting anyone else's salary. Seems to me that Frank knew this could divide his stockholders so he didn't say. The professionals will say that kind of attitude is unprofessional. Well, ok. I grant you that if a bigger order came along, we would all get along better.

WH
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News