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

To: Bill Hyres who wrote (23728)	12/29/1997 10:33:00 AM
From: Mark Jenkins	Respond to of 41046

Taken from Pres Message: "We have also raised $7.4 million in a FTEL private placement of convertible preferred shares which closed on Nov. 24, 1997. The price will be between $4.00 and $5.00 per share established by averaging the price during the first 30 day after the close." It seems to me that our $7 million investors had a vested interest in keeping the price down through 12/24/97. (first 30 days after the close) The closer to $4 or under the better for them. Well, this seems to be the first day of trading without the above pressure on the stock. Mark