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: Daine Newman who wrote (39689)	12/22/1998 9:06:00 AM
From: Brett S.	Read Replies (1) of 41046

Daine, In case you miss the "other" thread... here is a good re-post from Ray on the UCC! vs. UCC2: ---------------------------------------------------------------------- The filings of a UCC1 is to perfect or preserve security interest in named collateral. A UCC1 is called"UCC-1 National Financing Statement." Frank clearly stated he was filing a UCC2. A UCC2 is named/called " UCC-2 Change Form" Change being the key word. On line 6 of the change form (UCC2) there are boxes to check as to what the UCC2 changes in regards to UCC1(security interest in named collateral) The boxes on line 6 are: a.continuation b.release c.assignment d.termination- The secured party certifies that the secured party no longer claims a security interest under the Financing Statement(UCC1) bearing the file number shown above. e. amendment f. other So...Frank is changing the UCC1 with the filing of a UCC2- simple! ---------------------------------------------------------------------- Well........... Looks great guys!!!!!!!!!!!!!!!

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