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


To: Ray Burke who wrote (24584)1/8/1998 7:16:00 PM
From: elk  Respond to of 41046
 
Ray, a little more digging in the S1:

<<Common Stock Currently Outstanding.
15,394,515 shares, not including the shares to be issued pursuant to the exercise of outstanding Warrants or the conversion of the outstanding Convertible Preferred Stock.>>

<<2,055,000 shares are issuable upon the exercise of warrants>>

There may have been more Warrants or some numbers that I missed, but I think this is it. Of course this was filed 12/97, so the 2 million placement is not included.

Evan