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

To: STK1 who wrote (32278)	4/18/1998 10:21:00 PM
From: VALUESPEC	Read Replies (1) \| Respond to of 41046

Charles, if the IPO does not take place by June 30, 1998, many more FTEL shares may convert with a low floor for conversion. I mentioned this before, but no one seems to take these things seriously. I might also mention that the IPO was expected to take place last year! But who is counting? VALUESPEC "investing today for a richer tomorrow" "not an FTEL believer" "waiting for June 30 to see if the sales come by then"

To: STK1 who wrote (32278)	4/18/1998 11:51:00 PM
From: Bruce Hoyt	Read Replies (2) \| Respond to of 41046

Charles, you ask when ~September came in as possible timing for the IPO. Here is a quote from one of my posts right after the shareholder meeting on 2/27/98: "* 2 scenerios for IPO: First is continue to plan and implement IPO in 3-4 months. Second is to take on major player as partner and IPO later this year, maybe September or later. Sounds like talks are in progress with someone big (my impression). Indication that the underwriters prefer scenerio 2 but number 1 is still possible." I got this from the CFO during the talks before and after the meeting. The plan could have changed a dozen times since then but that's my last information on the IPO and I'm OK with that as a FTEL & FNet holder. You were on the thread then so I assume you may have forgotten or missed this item. Bruce