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


To: Brett S. who wrote (2128)9/24/1999 5:32:00 PM
From: Noneyet  Respond to of 2891
 
I suggest that you look deeper into this deal for the fine print, such as THE $ 1.03 PAID PER SHARE AND MORE IMPORTANTLY, THE TERMS OF ANY SALE, TAKE A LOOK AT THIS, PAY PARTICULAR ATTENTION TO THE BOLDED PART There is no restriction on sales.

Section 3.1. Intent. The Investor is entering into this Agreement for its own account and the Investor has no view to the distribution of the Registrable Securities or Warrants and has no present arrangement (whether or not legally binding) at any time to sell the Registrable Securities or Warrants to or through any person or entity; provided, however, that by making the representations herein, the Investor does not agree to hold the Registrable Securities or Warrants for any minimum or other specific term and reserves the right to dispose of the Registrable Securities or Warrants at any time pursuant to the Registration Statement and in accordance with federal and state securities laws applicable to such disposition.



To: Brett S. who wrote (2128)9/24/1999 6:11:00 PM
From: Noneyet  Read Replies (2) | Respond to of 2891
 
Another nice one from raging bull !!!!!

Do you know what is interesting about this financing deal ? Take a look at the volumes of paper that fcm has filed to get up to 6.5 million dollars, in financing, and PAY PARTICULAR ATTENTION TO THE PART OF FCM FILING THAT ADDRESSES FCM REMAINING LISTED ON AN EXCHANGE, now usat in comparison received their financing and was able to pay fcm 5.6 million dollars, because we know usat owes fcm 2.4 million, and usat accounted for over 8 million in fcm revenues, without filing one document similiar to fcm's and they did this after they were delisted from the OTC BB and still were under an SEC investigation. YET AND STILL SOME INVESTOR CAME ALONG AND GAVE OR LOANED USA TALKS ALL THAT MONEY, WOW, ISN'T THAT AMAZING ????? USAT WAS SO FORTUNATE TO GET ALL THAT DARN MONEY, WHILE THEY WERE DELISTED, AND UNDER A CONTINUING SEC INVESTIGATION, BUT BETTER YET THEY DID NOT HAVE TO FILE ANYTHING, WEREN'T THEY FORTUNATE ??

(f) No Suspension of Trading In or Delisting of Common Stock. The trading of the Common Stock shall not have been suspended by the SEC, the Principal Market or the NASD and the Common Stock shall hve been approved for listing or quotation on and shall not have been delisted from the Principal Market. The issuance of shares of Common Stock with respect to the applicable Closing, if any, shall not violate the shareholder approval requirements of the Principal Market.