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

To: Darrel Orpen who wrote (27201)	2/5/1998 6:14:00 PM
From: David Hurd	Respond to of 41046

<<But only the exercise price times the exercised shares would remain within FTEL's treasury.>> Darrel, your missing my point. Whos buying all 'dem' shares that myers. is selling into the market??? Not si memebers. Weak hands and traders shares are moving into long term, ftel friendly investors. All of course is just in my simple opinion. dh

To: Darrel Orpen who wrote (27201)	2/5/1998 6:24:00 PM
From: Eric Maggard	Respond to of 41046

My read on it is that you don't need to sell the shares inorder for FTEL to get the money. If the people wanted to convert their warrants to stock, they would only have to put up the 1.25/share. If they don't have the money, they could sell 1/4 of the warrants and convert the rest with no money out of their pockets. At least that is the way I think it works. So, FTEL could get the 2+ million if the people pay the 1.25 to convert. Which, I don't see why they shouldn't. Eric

To: Darrel Orpen who wrote (27201)	2/5/1998 6:24:00 PM
From: William Harvey	Read Replies (2) \| Respond to of 41046

Darrel, I thought holders of warrants had initially paid $1.25 up front and will receive the price of FTEL less 30% of what is over $4 which goes to Franklin. WH