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

To: Martin P. Smith who wrote (21287)11/14/1997 1:22:00 PM
From: Jack Sman  Read Replies (1) | Respond to of 41046
 
I just noticed that we've made Dow Jones. I wonder if that's because
of the fully reporting status? ~ Jack

48704 3 01:18 (DJ-PIN) Vendor Not Entitled or Selected
47340 D 12.48 (DOW JONES) Vendor Not Entitled or Selected
37903 C 09.50 (COMTEX) Vendor Not Entitled or Selected
37647 P 09.46 DJ: Franklin Banks $5,000,000 In Private Placement of Conver
37624 B 09.46 Franklin Banks $5,000,000 In Private Placement of Convertibl
*** end of headlines ***




To: Martin P. Smith who wrote (21287)11/14/1997 1:35:00 PM
From: elk  Read Replies (1) | Respond to of 41046
 
Martin, Thanks, that I followed. I like the way the math works! Evan



To: Martin P. Smith who wrote (21287)11/14/1997 4:35:00 PM
From: Randy Brummitt  Read Replies (2) | Respond to of 41046
 
Martin, actually $120M may be for much less than 40%. If memory serves, FTEL now only owns about 74% of FNET. If true, to maintain 60% of outstanding shares, only a 23% increase in outstanding shares is allowed (74% of 100 = 60% of 123), thus only 18.7% of FNET could be sold in the IPO (23/123=18.7). Somebody check my math and underlying assumptions, PLEASE -- I'm doing this in a rush to get back to work.

Randy


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