To: Alert-Inv. who wrote (2117 ) 9/24/1999 12:14:00 PM From: Noneyet Read Replies (1) | Respond to of 2891
What was that you were saying about posting ?? Some due diligence, By the way, I have not validated this information as yet, however I have referenced a post from raging bull about insider selling for fcm.ragingbull.com >>>>>>>>>>>>>> insider selling? does anyone receive Dow Jones news. Just advised that news came across it stating Frank Peters filed to sell 100,000 shares!!!!! >>>>>>>>>>>>>> I have recalculated the fcm float due to even more due diligence. Registration of 4,264,736 shares on 9/22/99. 25,806,726 shares are issued and outstanding prior to this new registration and available option and warrants outstanding of 12,469,510. That makes a grand total, including all of the above of 42,540,972. That is a formidable amount of shares. I would point out that this all without one forward split and has increased by seven fold since 1996. fcm did have a reverse split in the recent past of 1 for 10. Below is the part of fcm's documents where this information is found. Section 4.5. Capitalization. The authorized capital stock of the Company consists of 90,000,000 shares of Common Stock, of which 25,806,726 shares are issued and outstanding, and 10,000,000 shares of preferred stock, none of which are issued and outstanding. Except for (i) options to purchase not more than 11,422,000 shares of Common Stock with purchase prices between $0.10 and $2.78 per share; and (ii) warrants to purchase not more than 1,047,510 shares of Common Stock with purchase prices between $0.78 and $5.00 per share, 4,264,736 SHARES FRANKLIN TELECOMMUNICATIONS CORP. It is also curious to note that I believe there is no mention of anything regarding the IPO of fnet in this recent filing by fcm. Does anyone have any more info on that ???