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

To: gerry who wrote (31002)	3/25/1998 8:12:00 AM
From: Rick	Read Replies (1) \| Respond to of 41046

As long as FTEL is below 4 (has to stay 4 or above for 30 days or more) - it doesn't stand a snowball's chance of getting NASDAQ at this point (unless it somehow applies retroactively...but I think it's at the point in time that listing is to take place..) FTEL definately needs to improve their record keeping re: shareholders - as many people (including myself) never received anything in the mail re: shareholders meeting etc. (vs. other BB companies that I have that do send me stuff) Sparrow leaving didn't help the price...(as well as lack of press releases..& the insider sales last year & Form 144's filed this year with "intent" to sell (which you are not supposed to do unless you actually intend to..) Here's the link to NASDAQ listing requirements.. nasdaq.com Luckily - I bailed out around 4.5ish...But if FTEL gets down into the 2's (esp low 2's) - I may pick some up again.. I just haven't seen the marketing... Granted - they are setting up a great network - with future expected revenues - but it may be at least a year before those revenues start flowing in significantly... with tons of additional competitors entering the field each day (granted - lots of biz to go around...but I don't see FTEL establishing any good alliances with the likes of Bay, Cisco, or Ascend - as other players have done, & haven't seen them attempt to standardize with another vendor to increase the reach of the network even further - etc. etc. Good tech - but poor marketing.. At some point - you have to look at fundamentals and the competitive environment...Probably fairly valued based on existing environment in the 3's..(if it wasn't for warrents, 144's etc. - which makes me wonder if even that is fair..) Thus - I liquidated most back in the 4's - but will get back in if I see demonstrated changes & some alliance building etc. Ozemail is a good long-term play I think - since they are in the heart of $4/min territory in Australia for LD, have deals with Cisco, have a network already set up and running, have a great web site & growing pop. search engine, have visionary management (not that Frank isn't -- he is - but in a more technical sense...not marketing or alliance building..) You can't let your emotions wed yourself to something...you have to look at reality at some point.. I still think that Frank & Co. can pull it off if they implement some of the suggestions above..& will probably still be a good long term play... Personally - glad I made the move - as I pre-empted a further decline & doubled my money in the things I put the bucks into..within a week...DGIV etc. (which has a nice web site - agressive management in the marketing arena etc. Per chart - initial listing bid price is 4 bucks..