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

To: David Hurd who wrote (27199)	2/5/1998 5:59:00 PM
From: topwright	Read Replies (1) \| Respond to of 41046

David, remember what we were talking about? HMMMMMM and all of a sudden the Lone Ranger shows up. Cloud of dust and a mighty "Hi HO SILVER, AWAY" RB Who was that masked man? or You don't tug on Superman's cape, You don't spit into the wind, You don't pull the mask off the Old Lone Ranger and don't mess around with Frank

To: David Hurd who wrote (27199)	2/5/1998 6:02:00 PM
From: Darrel Orpen	Read Replies (4) \| Respond to of 41046

My read on the new money coming into FTEL is as follows: My understanding is the warrants are exercisable at $1.25. Therefore, if 600,000 warrants were exercised by MHMY over the past few days, this would result in 600,000 x 1.25 = $750,000 coming into FTEL. MHMY would then go to the market and sell them, at market, to make their profit. But only the exercise price times the exercised shares would remain within FTEL's treasury. It will start to add up once all warrants are exercised! Correct me if I'm wrong. Any comments? Darrel Orpen