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

To: Doug Best who wrote (27421)	2/9/1998 12:50:00 AM
From: Daine Newman	Read Replies (4) \| Respond to of 41046

The only info I have is very public, just like everyone else has. And because everything I find VS beats me to it! And he gets beaten up for it. So, I can jist sit back and watch and whittle. But, since you ask, I had decided to research various of FTEL's released statements out of curiosity the other day. This is what I found. My conclusion is disturbing. Others will doubtless find it acceptable for the type of investment it is. Since quotes are either out of the S-1 from Franklin, or their WEB site, at least the accuracy ('realness') shouldn't be questioned. I'm just hanging on to it for future reference. Obviously if all the potential sales really happen this time, this won't mean anything at all. ============================================= Date: Fri, 13 Dec 1996 17:22:53 -0800 From: Helen West <hwest@ftel.net> To: diloreto@concentric.net Hi David. I'll try to reply point by point. Here goes: What is the best guess on when the FNET IPO will happen? It was rumored about 6 months ago that it would happen around Thanksgiving. [1996] What's the best guess now? A: This is truly the $64,000 question. [Actually, it's worth much more than that, isn't it? Again, there are so many variables, many of which are not in our control. For a best guess, emphasize GUESS, one might go with a March-April [1997] possibility. Some time in the spring. . . Sincerely, Helen West SUMMARY OF SALES $1,241,000 in the year ended June 30, 1994 Loss for the year ended June 30, 1994 was $485,000 . ..According to Frank Peters."we have been in an intense product development stage which has yielded our new .." $1,481,000 in the year ended June 30, 1995 Loss for the year ended June 30, 1995 was $160,000 " ... attributable to reduced spending on product development costs. .." $430,000 in the year ended June 30, 1996. Loss for the year ended June 30, 1996 was 1,467,000 ". the Internet services offered by the Company's subsidiary, FNet, were still in development, and therefore were not yet available. .." $1,735,000 in the year ended June 30, 1997 Loss for the year ended June 30, 1997 was $2,824,000 " ..There are no surprises here, in that the loss is a result of product and infrastructure development." .. quarter ended September 30, 1997 are summarized as follows. .. a net loss of $960,000. .. The 10-Q results for the quarter ended December 31, 1997 .. our sales were $284,000, with a net loss of $868,000. "..there are no surprises here. ... Most of the DVG shipments to date have been for evaluation purposes... We do expect sales to pick up towards the end of this quarter." ====================================