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

To: Secret_Agent_Man who wrote (20926)	11/9/1997 10:31:00 PM
From: Neil Wicker	Read Replies (5) \| Respond to of 41046

Found this in the S1 that made me grin. You don't get this kind of investment Buck unless there is money to be made NOTE 14--RECENT SALE OF EQUITY SECURITIES On September 22, 1997, the Company completed a Regulation D private placement offering of 333,333 units for $1,000,000. Each unit consists of one share of the Company's Common Stock and one Common Stock Warrant to purchase one share of the Company's Common Stock for $5.00 per share. The net proceeds to the Company were $1,000,000. In addition, on October 31, 1997, the Company completed another Regulation D private placement offering of 540 units for $5,400,000. Each unit in this offering consists of one share of the Company's Series A Convertible Preferred Stock and one Series A Common Stock Warrant to purchase one share of FNet's (the Company's majority-owned subsidiary) Common Stock. The net proceeds to the Company were $4,957,500. SHARE NAME DATE SHARES CONSIDERATION ---- -------- ------ ------------- Triton Capital Investments, Ltd............... 10/31/97 35* $ 350,000 Banque Edouard Constant SA.................... 10/31/97 50* 500,000 Banque Franck S.A............................. 10/31/97 75* 750,000 Elara Ltd..................................... 10/31/97 150* 1,500,000 Ellis AG...................................... 10/31/97 10* 100,000 JMG Capital Partners, L.P..................... 10/31/97 35* 350,000 Lakeshore International, Ltd.................. 10/31/97 150* 1,500,000 The Matthew Fund, N.V......................... 10/31/97 35* 350,000 * Series A Preferred This is not the SI investor pumping 5mil into Franklin. Im sure they know some things We don't !!!!ggggg. SHOW ME THE MONEY Wonder What Frank is going to do with 5 mill Meaby make one or two DVG's I like It See ya Neil W