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

To: William Harvey who wrote (29632)	3/7/1998 8:34:00 AM
From: VALUESPEC	Respond to of 41046

<<Warrants can be converted into a total of 1.85 million shares of FTEL common, instead of FNet stock, if the IPO doesn't take place by June 30, 1998 and in that case, FTEL will own a larger percentage of FNet stock. Agree?>> William, thanks for some intelligent discourse. I agree. That is what I was pointing to before. IF the FNET IPO does not take place by June 30, 1998, many more FTEL shares will be given to the Series C preferred stock. Those shares then could put additional pressure on the FTEL shareprice besides what is currently being experienced (if that is why the price is floundering). And, yes, FTEL would get to keep its FNET stock, but the new FTEL stock holders would have an indirect interest in FNET via the new FTEL stock, anyway. Also, FTEL is worth ~ $ 4.31 per share right now. FNET was last valued at $ 1.00. If the FNET IPO does not go through as planned, the Series C holders should still be quite happy. Again, William, thanks for your numbers. May FTEL prosper. VALUESPEC valuespec.com