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

To: Bill Hamlin who wrote (32800)	4/26/1998 11:33:00 AM
From: caly	Read Replies (1) \| Respond to of 41046

Bill, Have you checked into "cashless" execution of your options? I can't remember which organization offered it to me (Merrill Lynch I think), but they would put up the cash for the execution of your options, and then you'd just turn around and sell what you needed to pay them back plus some commission. With FTEL's volatility and price approaching your option price, they may not be interested, but it might be worth checking out with various brokerages.

To: Bill Hamlin who wrote (32800)	4/26/1998 2:40:00 PM
From: Bill Hamlin	Read Replies (3) \| Respond to of 41046

I'd just like to clear something up about my change of career. As somebody pointed out, I've worked at FTEL for a long time, going back to 1986. I relocated to Tampa in 1993, and have been commuting to Westlake pretty regularly. I've grown a little tired of that. Franklin has been adding staff in Westlake that has made me somewhat obsolete. Let me assure you that you could find no harder-working group of people than the people at Westlake. And they are working for you stockholders. Frank has distributed the wealth in the form of stock options, and everyone is extremely motivated. I already own several 1000 shares of FTEL and I cringe when I read negative things about my resignation, thinking the stock price will go down even more than the ridiculous price it's at now. This deal I'm looking for in regards to FNET shares is due to the fact that I have to exercise them within a month. FTEL is one of the few companies that actually make their own hardware. So many others are simply reselling NMSS or VOCLF. The profit margin is amazing. Adding Magruder gives us a mature leader (to offset Frank's effervescent enthusiam which sometimes over-reaches), and that gives me great hope for FNET, and, by definition, FTEL. Frank Peters is the most remarkable human being I've ever met. We're all better off for being associated with him. Good luck to all and I sure hope I don't have to write anymore here. Regards, Bill.