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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL) -- Ignore unavailable to you. Want to Upgrade?

To: Stephen B. Temple who wrote (19799)	10/28/1997 7:02:00 PM
From: William Harvey	Read Replies (2) \| Respond to of 41046

I'm confused. We all did the math in the wee hours of the morning: Raising $120M will raise the price/worth of FTEL by $9/share. We agreed on that even though there were a couple ways of solving the problem. An IPO is no buyout but it's mighty like a buyout. It's in the hands of someone besides the MMs, and normally the average investor has no say in it and has to accept the price as gospel. Now usually when there's a rumor of a buyout, the market responds instantly and when the CEO announces it, fer Chrisakes, the market reacts even sooner. What the market said today, I think, the greatest gainer in the history of the market, was there is no credibility to the IPO ever happening. I picked up some more today, don't get me wrong. Why is everyone so certain the IPO will happen when the market says it won't? I think investors for so long have been telling themselves the price isn't important that the investment bankers come along and set a price and no one cares. I don't know. WH