Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Roger Bass who wrote (28325)	2/18/1998 7:10:00 AM
From: William Harvey	Respond to of 41046

Roger, geocities.com Let's put an investor slant on this, the sky's the limit for the investor once the DVG gets accepted. You can't tell from the S1 or from the latest 10Q why any of us are invested. There are no statements concerning sales scenarios of the Tempest. That would be illegal. Watch the price go up for a while, you'll get the idea why we're here. Secondly, Frank is in the business of breaking down international surcharges by foreign long distance companies. He's already saved everyone a lot of money. All they have to do is accept the product, if they can do the arithmetic. Sadly, that's not in the S1 or 10Q either. If you ask me, he's not really charging enough for his time. Don't accuse him of a felony. Now, either you haven't done the arithmetic or, more likely, you think this Tempest is the Emporer's New Clothes, ie, you know it's a telephone, you just don't know it's over the internet. That's your homework. You can't get that out of us. WH

To: Roger Bass who wrote (28325)	2/18/1998 7:27:00 AM
From: Mark Jenkins	Read Replies (2) \| Respond to of 41046

Roger, I, for one, am glad you're not a shareholder anymore! If that's how you read the S1 and 10Q, then maybe you can sleep easier at night. My real questions are: 1. Did you sell before yesterday or yesterday afternoon? 2. When are you going to buy back that stock? (maybe hoping it gets back to $4?) The timing of your post was, let's say, interesting!! Maybe it's your INTUITion!! MJ

To: Roger Bass who wrote (28325)	2/18/1998 8:02:00 AM
From: Roger Bass	Read Replies (2) \| Respond to of 41046

After receiving some private comments on my last post, I will just add a little more basic explanation here. After that I am leaving this thread, as I have no further interest in the stock, now or in the future. This has nonetheless been an interesting lesson for me in understanding some very weird investor psychology. To quote Warren Buffett: "you can't do good business with bad people". My comments here are not on the products or technology, but rather on some very unsound (though probably legal) management practices. A basic principle for an investor in evaluating an investment, is whether management's interests are aligned with yours. This means that management should be getting richer essentially because the share price is going up, and shareholders are getting richer too. The transactions described in my last post are emphatically not in this model, and are not at all standard practices. They represent a continuing transfer of wealth from minority shareholders to Frank Peters. Frank Peters is working for himself, not for you. The Tempest may even still be great technology, but when things smell this bad, it's almost invariably because the whole setup is rotten. These posts are obviously not directed at the tireless hypesters on this thread who consider the quality of Franklin's business an article of faith, but rather at anyone who wishes to make their own cool-headed assessment of the company's prospects.

To: Roger Bass who wrote (28325)	2/18/1998 8:15:00 AM
From: topwright	Read Replies (2) \| Respond to of 41046

Roger, I personally liked your post as it showed that you did in fact do a reasonable amount of due dilly and took the time to thoughtfully analyze and make decision based upon your findings. Unfortunately S-1's and SEC documents tend to accentuate the negative especially in a start-up venture where R&D is a drag on the bottom line, and the resulting success of new product is an unknown. Certainly everything you highlighted regarding dilution is a prudent consideration in any investment analysis. I also share your concerns as everyone should. The difference between you and I is the faith that I have in Franklin's immediate prospects as they pertain to the Tempest and FNET. If all my research had revolved around what I read in filings, I like you would probably not be so heavily committed within my portfolio to Franklin. Over the past decade I have specialized in becoming extremely focused on the communications sector and have familiarized myself with many a promising company and their technologies. Franklin to me represents a very promising speculation within that industry and it is my belief they hold an above average chance of becoming another notch in my gun handle of investment winners witin the communications industry. Let me conclude by saying that your emphasized views of those things that weigh heavy on Franklin leave no room for mistakes. If Franklin fails to deliver on the promise that I have chosen as the basis of my investment, then it is not going to be a pretty picture. But if you judge Franklin for what it is, a high risk/high reward speculation and allocate the prudent amount of capital, then you should be able to see past the doom and gloom and see the promise that it holds, not guarantees, but promise. To each his own and good luck to you also. rb

To: Roger Bass who wrote (28325)	2/18/1998 9:21:00 AM
From: Seth L.	Read Replies (1) \| Respond to of 41046

Roger what you posted is relevant in the investors overall decision process on whether to buy or sell or hold. Glad you have gotten out with your money. IMHO when I way out the facts that we know and add in the speculation of the product sales and the market that they will be addressing its well worth the gamble. What companies are going to rise to the top? Is it the big Telcos or will it be a smattering of small companies with a focus? Folks its your money but after a lot of reading and talking my feeling is this company has what it takes to rise to the top. Disclaimer: Please base your buy sell hold decisions on your own DD. Seth