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Technology Stocks : FRANKLIN TELECOM (FCM) -- Ignore unavailable to you. Want to Upgrade?


To: Bruce Hoyt who wrote (1333)7/10/1999 11:51:00 AM
From: Noneyet  Read Replies (3) | Respond to of 2891
 
One more time, leave your personal comments at home. What's wrong ? Do you find it hard to discuss this company without using the childish approach of name calling ???? As for finding out more about your investment, here's an analytical assessment of the recent SHM you mentioned.

exchange2000.com

Shareholders Meeting

I did receive an letter from someone who attended the SHM. It was not signed, and I haven't a clue who it is. Some may differ, but I sent this to someone else that knows me well, I didn't make this up. Read into it what you will, but its just one mans opinion, and went something like this>

The parts of the meeting I can recall and my comments may not be what
you are looking for. But, I assure you they are honest and as accurate as possible. Peter Buswell: I thought his presentation was excellent. Clear, even-handed, and he pointed out 'FCM's potential place in the industry.

Frank Peters: I thought he as ill prepared, nervous and unsure. His
comments about the IPO were somewhat ludicrous. Just like he was
bringing up the subject for the first time ever, and "gosh", it's
costly!!. The implication was "we are looking into it". No explanation about why it didn't happen by now, or why your faith and investment was misplaced. It wasn't until a shareholder asked was the "letter" brought up. Some will get part of their investment back, (My bet is Frank's shares will be purchased by FCM at a premium).

Responding to a question about needed public relations, he just shrugged his shoulders and agreed it was important. But gosh, it is difficult to do. At this point he mentioned the new board member. wh is someone nameless actor in commercials. I think we were supposed to be impressed. The guy was apparently reading for a part with Disney, or we would have met him. Oh and yes, he had a part in the new Austin Powers movie !!. And he has offered to do a free commercial form them.

He mentioned the recently announced sales to cybervoz, he referred to it in less than glowing terms as a multilevel marketing company of "some sort. The word PONZIE comes to mind.

At this point, I thought Tom Russell was going t be sick. Don't know
how they look normally, but I thought the entire board looked very
uncomfortable.

I think that is the main theme of what I witnessed: uncomfortable.

Before the meeting I was given a company of the Magruder lawsuit. I am sending you a copy> end

Well folks, I think we need a little more here than prayer.

bytheway...here's a neat little story on an IPO that should have happened, but given the RIGHT-Management Team, anything is possible.

redherring.com

I didn't proof read the spelling or sentence structure, ug !