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


To: Jack Sman who wrote (27135)2/5/1998 1:44:00 PM
From: Gary G, Weathersbee  Read Replies (1) | Respond to of 41046
 
Jack-

I don't post very often, but want to thank for your knowledge and explanations. I'm very encouraged by the support.

-Gary



To: Jack Sman who wrote (27135)2/5/1998 1:49:00 PM
From: Seth L.  Respond to of 41046
 
Jack you got it. Hey all remember this from the press release about S-1 going effective:
The S-1 also registers common shares upon exercise of warrants which
were issued in conjunction with a 1995 private placement. This paves the way for Franklin to realize an additional $2.5 million in cash over the next 60-90 days as the warrants are exercised.

Thats a good thing!

Frank Peters, Franklin's president and CEO said, "We are happy to be
able to provide registration for the warrants issued in conjunction with our '95 private placement. The participants in that placement were expressing a confidence in Franklin's future which is now, two years later, proving well-justified. They're going to make a nice profit for their faith, and with the exercise of the warrants, Franklin will receive an estimated $2.5 million which will go toward deploying our Tempestr based FNet.Phone network, utilizing IP and the Internet."

Everyone wins!

Nuf said

Seth



To: Jack Sman who wrote (27135)2/5/1998 1:54:00 PM
From: ksuave  Read Replies (3) | Respond to of 41046
 
I've posed a question three times in the last month or so and have yet to see anyone adress it. Maybe the answer is too obvious, maybe I just missed a note where someone talked about it because it is no longer possible (or informative or pleasant) to try to read every note, but it seems to me to be a legitimate question and I hope somebody with the technological understanding would explain what, if any, effect there would be if phone companies begin to charge for internet access as is being discussed. Will this raise ftel & fnets costs, or are they able to connect to the internet directly without going through the bells? It's a simple question. Anyone know about this?? Thanks