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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)
FTEL 1.300-13.9%Nov 7 9:30 AM EST
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To: T. L. who wrote (3063)1/28/1997 10:57:00 PM
From: vic klimpl   of 41046
 
Simply put it works this way.frank and directors own 20%.with the remaining 80% a portion will be sold to the public say for example another 20% at 10.That ipo money will go straight to the ftel treasury
less the brokers cut usually 5 to 10% range. So we have the cash plus the remaining 60% of fnet as assets in ftel. But thats for another day. I have enough to focus on now with the big kahuna and an ipo is conjecture.My personelfeeling is that the above scenario could be different.But however its played out we own a huge chunk of fnet as an asset of ftel. sleep well this is exhausting.
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