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

To: kennbill who wrote (32407)	4/20/1998 8:34:00 PM
From: Jack Sman	Read Replies (1) \| Respond to of 41046

FTEL NAME TIME LAST LAST_VOL BID ASK SIZE FTEL 5:24 3.313 0 -- -- FTEL 5:24 3.250 0 -- -- FTEL 5:24 3.250 0 -- -- FTEL 5:24 3.250 0 -- -- FTEL 5:24 3.375 0 -- -- FTEL 5:24 4.564 0 -- -- FTEL 3:53 3.250 1000 -- -- FTEL 3:49 3.313 1000 -- -- FTEL 3:49 -- 0 3.250 3.312 5x5 FTEL 3:49 3.250 1000 -- -- FTEL 3:49 3.250 1000 -- -- FTEL 2:54 3.250 3000 -- -- FTEL 2:53 3.281 1000 -- -- FTEL 2:53 -- 0 3.250 3.343 5x5 FTEL 2:51 -- 0 3.281 3.343 5x5 FTEL 2:49 -- 0 3.281 3.375 5x2000 FTEL 2:47 3.313 1000 -- -- FTEL 2:40 3.313 1000 -- -- FTEL 2:39 3.313 2100 -- -- FTEL 2:36 3.344 1000 -- -- FTEL 2:36 3.344 1800 -- -- FTEL 2:36 -- 0 3.312 3.375 5x5 FTEL 2:35 3.313 2000 -- -- FTEL 2:34 -- 0 3.312 3.343 5x5 FTEL 1:51 3.313 1000 -- -- FTEL 1:39 3.313 500 -- -- FTEL 1:34 3.375 300 -- -- FTEL 1:33 3.375 500 -- -- FTEL 1:19 3.313 500 -- -- FTEL 12:39 3.375 400 -- -- FTEL 12:30 3.375 1000 -- -- FTEL 11:52 3.313 700 -- -- FTEL 11:51 3.313 700 -- -- FTEL 11:36 3.375 2000 -- -- FTEL 11:31 3.313 1000 -- -- FTEL 11:30 -- 0 3.312 3.375 5x5 FTEL 11:30 3.313 7000 -- -- FTEL 11:18 3.344 1000 -- -- FTEL 11:13 3.344 2500 -- -- FTEL 11:11 3.344 2000 -- -- FTEL 11:10 3.344 100 -- -- FTEL 11:02 3.344 500 -- -- FTEL 11:02 3.344 1000 -- -- FTEL 10:59 3.344 3000 -- -- FTEL 10:58 3.344 200 -- -- FTEL 10:52 -- 0 3.312 3.343 5x5 FTEL 10:50 3.344 1000 -- -- FTEL 10:49 3.344 700 -- -- FTEL 10:41 3.313 500 -- -- FTEL 10:41 3.313 500 -- -- FTEL 10:41 -- 0 3.281 3.343 5x5 FTEL 10:39 3.344 400 -- -- FTEL 10:37 3.313 2500 -- -- FTEL 10:33 3.344 2500 -- -- FTEL 10:33 3.344 2500 -- -- FTEL 10:31 -- 0 3.312 3.343 5x5 FTEL 10:30 3.375 200 -- -- FTEL 10:28 3.375 500 -- -- FTEL 10:15 3.313 4000 -- -- FTEL 10:12 3.313 1000 -- -- FTEL 10:07 3.313 300 -- -- FTEL 9:52 3.313 2000 -- -- FTEL 9:48 3.313 1000 -- -- FTEL 9:48 3.313 1000 -- -- FTEL 9:48 -- 0 3.312 3.375 5x5 FTEL 9:48 -- 0 3.281 3.375 5x5 FTEL 9:48 3.313 1000 -- -- FTEL 9:47 3.281 1000 -- -- FTEL 9:47 3.313 1000 -- -- FTEL 9:42 3.281 1000 -- -- FTEL 9:41 3.281 1000 -- -- FTEL 9:40 3.281 1000 -- -- FTEL 9:34 3.281 500 -- -- FTEL 9:32 3.281 200 -- -- FTEL 9:22 -- 0 3.281 3.312 5x5 FTEL 9:15 -- 0 3.250 3.312 5x5 FTEL 8:11 -- 0 3.250 3.281 5x5

To: kennbill who wrote (32407)	4/20/1998 8:36:00 PM
From: topwright	Read Replies (2) \| Respond to of 41046

Bill, I'm coming from the point of view that if you still like Franklin without any leverage, then what's it worth with it? That's my point and I'm glad you took the bait and asked the question. All I'm saying is that if Franklin has value without FNET share leverage, then what's it worth otherwise? The $3 range isn't what I had in mind and whenever people figure that out, the price will rise. So, with today's announcement of FNET finally getting underway with a real seasoned management team who have been around the block a few times, I think we are now on our way. The boys are back in NYC this week to tighten down the screws. As for the 60% level, that is and always has been an arbitrary number. It is based on an early IPO. Here is the scenario as I read it. If we IPO early on (this year) then the shareholders of Franklin would retain a larger portion (closer to the 60% level) and probably have to accept a lower IPO offering price, say $4 to $7. But if an equity partner came in, secured shares at say the $3 level, raised $50 to $60 million, which then funded FNET to get well entrenched in a global buildout of the network, producing revenues, then IPO at a much higher price, say $20. Well you do the math. But it all comes down to this, either you retain a larger share of the company that is worth less, or you own less of a company that is worth considerably more. Pick one. Either way if it is sucessful, you will be rewarded either on the front end or the back end. Do I care which pocket you pay me out of? RB

To: kennbill who wrote (32407)	4/20/1998 8:37:00 PM
From: David Flood	Read Replies (2) \| Respond to of 41046

Agree with Bill - Nobody promised us a rose garden But the consensus was we were gonna' get either a major "piece of the rock" or more correctly FNET's market value would be reflected in the value of our equity share of FTEL. The missing key words I think in the announcement are "Wholly owned" subsidiary - meaning 51% plus. Comment? RB Just remember the famous words '....rectum! Damn near killed him" <GGG> regards Dave