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


To: Ray Burke who wrote (28177)2/16/1998 8:35:00 PM
From: Neil Wicker  Read Replies (3) | Respond to of 41046
 
All, Will Be at Franklin tuesday for a onsite visit.
Will Post my Visit LATER in the Week as time allows. My Company's Meeting is going to be very Busy so if i'm late with the update don't Worry.
On a Side note, Check out my Temporary Web site for a Beer Meister that i'v developed and hopfully Going to manufacture.
pages.prodigy.net
Email me what you think

See ya
Neil Wicker



To: Ray Burke who wrote (28177)2/16/1998 8:49:00 PM
From: semi-recumbent  Respond to of 41046
 
<Thanks Ray May I ask? Does any one really care if Frank sold 700,000
shares.thats just a small portion of what this man is worth>

I certainly care if an insider sells a large number of shares in a company I'm invested in. If the boss thinks his business plan is going well and he anticipates a $10 per share level he would not be very likely to be selling large numbers of shares for half or less. The only scenario that I would find palatable is if the insider were selling shares to get the cash to exercise warrants to buy cheaper shares. It is a good idea to diversify, but that makes more sense if done after an expected rise in share price. This is my opinion on the general question of insider sales and is not necessarily what is happening or should be happening with FTEL shares. It has been posted that Frank has not sold shares in a long time. If that is correct then he is probably still optimistic and that's good for my investment. If, however, large insider sales are happening now, we would definitely have something to worry about. Please be aware of the difference between actual sales and the registering with the SEC to POSSIBLY sell shares in the future.

As long as I'm posting let me air out another concern of mine. I am not happy that the "major" corporation that ordered $2.5 million in DVG's doesn't seem to have the money to consummate the deal. Was this an unforeseen event or something that should have been expected? I met Frank at the New York show last summer ( just said hello really ) and I agree with someone's earlier post that he is not as avuncular as his photo would indicate. He has the "eye of the tiger" and is a business man first and foremost. This is an asset in my opinion, but also to be evaluated along with all other input.

If there are any flames please send them to Bill as I won't answer them and he probably will<G>.