FRANKLIN TELECOM (FTEL) Message Board

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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)

FTEL 0.871

-2.1%

Nov 14 9:30 AM EST

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To: kphone who wrote (39682)	12/21/1998 10:30:00 PM
From: Brett S.	Read Replies (1) of 41046

Ken, A UCC as I understand it is a Universal Commercial Credit form that is filed with the state that says that said property (i.e. Stock, equipment,etc...) listed on the form is owned by the company and title/ownership has not passed but user (Mr.Peters)has right to use/purchase said equipment/stock at some future point in time. A UCC2 is unknown to me(could mean Amendment). This may mean Mr. Peters does not get them right away and thus can not sell them right away..... I know this is not exact but this is a good thing for us shareholders as his 1.4 million shares from these options will not be hitting the market any time soon ... someone help me on this too....

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