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

To: Martin P. Smith who wrote (27212)	2/5/1998 7:54:00 PM
From: Helen West	Read Replies (3) \| Respond to of 41046

Hi Martin. You are absolutely correct. Frank Peters, as he announced last March, registers a block of shares each quarter that are available to sell. The number of shares which are registered is based on an SEC formula and the registration is implemented without Frank's direct involvement. It does not mean that the shares will be sold; indeed, if you look at the past quarters, some shares were sold in a blind patterned sell on Frank's behalf -- BUT THE SHARES WHICH WERE SOLD WERE NOWHERE NEAR THE NUMBER WHICH WERE REGISTERED. As someone who works with Frank, my guess is that he'll probably sell some more--when it gets to $20. VBG. BTW, today at 6:00 p.m. is the cut-off for getting the preferred rate at the Hyatt for the Shareholder's Meeting on the 27th. After today, the rate goes from $107 to $165 per night. If you think you MIGHT be coming, you might want to make some reservations right away. Check with the reservations clerk, but I think they allow cancellations up to 24 hours before without penalty. The number is (805) 497-9991. Best regards, Helen West

To: Martin P. Smith who wrote (27212)	2/6/1998 8:54:00 PM
From: Daine Newman	Read Replies (1) \| Respond to of 41046

QUESTION: Helen and Martin's knowledge of Frank's profit taking do not seem to match. It is obvious, he would not want to 'dump' his shares on the market. BUT is it Martin cannot find the Form 4 filing? Or was it not filed? Is there a site to access these forms? And WHY file the 144 if not to sell? Just in case? I would really like to get this straight. >>>>>>>>>>>>>>>>>>>>>>>>>>>>> From: Helen West Thursday, Feb 5 Reply # of 27326 .. You are absolutely correct. Frank Peters, as he announced last March, registers a block of shares each quarter that are available to sell. The number of shares which are registered is based on an SEC formula and the registration is implemented without Frank's direct involvement. ..It does not mean that the shares will be sold;" THEN WHY BOTHER?] ."indeed, if you look at the past quarters, some shares were sold in a blind patterned sell on Frank's behalf --.." """"""""""""""""""""""""""""""""""""""""""""""""" From: Martin P. Smith Thursday, Feb 5 1998 7:08PM EST Reply # of 27326 He also filed to sell the same amount 3 months ago. This is an old story, Frank Peters regularly files this document. He has yet to sell any shares as evidenced by the lack of form 4. Martin Smith """"""""""""""""""""""""""""""""""""""""""" from: The Securities Law Home Page one of the Top 10 law firm web sites available on the Web. FORMS 3.4 and 5 Every director, officer or owner of more than ten percent of a class of equity securities registered under .Section 12 of the'34 Act must file with the Commission a statement of ownership regarding such security. The initial filing is on Form 3 and changes are reported on Form 4. The Annual Statement of beneficial ownership of securities is on Form 5. The forms contain information on the reporting person's relationship to the company and on purchases and sales of such equity securities.