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

To: Secret_Agent_Man who wrote (29000)	2/27/1998 6:52:00 PM
From: Bruce Hoyt	Read Replies (1) \| Respond to of 41046

Byron, IPO scenerio 1 (FNet alone) is estimated at 3-4 months from now. Scenerio 2 (FNet and big player/partner private cash infusion) is at least September. I get the impression that Tom would prefer #2 since it would be a stronger company right off the bat. One issue I could get Tom to totally clairify was how Franklin can maintain over 50% ownership of FNet if they actually IPO or privately issue another 10 million shares (does not add up). He just smiled and said they had it covered. I asked, he denied that they would issue themselves more shares. I joked that Frank might donate his shares back to Franklin but Tom said not a chance<g>. Oops, my wife wants to go shopping NOW, check back later. Bruce