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

To: William Harvey who wrote (20862)	11/8/1997 6:45:00 AM
From: Sly_	Read Replies (2) \| Respond to of 41046

Interesting article on Internet Telephony: news.com dm

To: William Harvey who wrote (20862)	11/8/1997 10:23:00 AM
From: Randy Brummitt	Read Replies (2) \| Respond to of 41046

WH, I think Temp was referring to the difference in total shares of common stock outstanding between that set forth in the initial S-1 (and 1st S-1a) and as set forth in the 2nd S-1a. I haven't been able to account for that many shares, but the latest amendment does list shares issued for the Sept. '97 private placement (333,333 shs for $1M), and also shows an issuance of 540 shares of convertible preferred stock (Series A) at $10,000/sh to eight heavy hitters on 10/31/97, which brought in $5.4M. Looks like Frank is gearing up for something big. GGGG Randy