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: Gary R. Owens who wrote (30877)	3/24/1998 9:17:00 AM
From: topwright	Respond to of 41046

Gary, exactly; Raging Bull may have been very negligent in posting that article as if it were fact that the insiders have sold, when in fact all that has been registered is form 144's showing the intent to sell. As for pricing of IT phone calls being a factor, then I'd say Raging Bull doesn't know which end is the business end of the bull. Like I stated in an earlier post, "price wars" are irrelevent in the scheme of things as it pertains to per minute charges. Think on terms of corporate needs, do you pay .05 per minute for a phone call, or do you pay .10 per minute and get a lot of other premium features. The real considerations are to be determined in Congress starting in April when they look at the Internet Telephony sector as a Universal Service under the Telecommunications Act of 1996. Period. RB

To: Gary R. Owens who wrote (30877)	3/24/1998 9:19:00 AM
From: Rick	Read Replies (2) \| Respond to of 41046

From what I understand - FTEL was a non-reporting company until late last year, and prior to the time it became a reporting company there were no requirements for the filing of form 4's. Thus - those sales do not show up at insidertrader.com Even though an officer of a non-reporting company has no obligation to file a form 4 when selling, they are required to file a form 144 if they are selling shares that were not previously registered. There is no such thing as needing to file a form 144 to protect the ability to sell shares. A form 144 may be filed concurrently with the placing of an order to sell shares through a broker. It does not have to be filed in advance, and according to SEC rules should not be filed unless there is a bona fide intention of selling those shares.