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Microcap & Penny Stocks : FKCM- a turnaround story for 0.09 -- Ignore unavailable to you. Want to Upgrade?

To: George C. Grasser who wrote (186)	4/27/1998 4:41:00 PM
From: hopeful	Read Replies (1) \| Respond to of 213

Your right on the "E". The company is late, it happened about a year or so ago also and the same designation was added to the ticker. The fact that we don't know much is that the information that has been coming from the company (when it does) is not always what the reality of the situation is. I think that they are "hoping" that something good is going to happen before they put something out, but the problem is that nothing "good" is going to happen. The reality of what they have out there as far as potential for mining may not be that good on it's own and that when the deal went "sour" with Durango Metals, they had nothing to fall back on. If you review the news releases about that potential deal with Durango Metals Inc. and the value of the stock at that time based on that potential, you would see that things coincided. The value of the stock was based on the value of Durango's mineral rights and working with Durango. When the deal was set (and everyone's expectations were high) the value of the stock went up to $.28, when the deal was lost, the value has continued to go down to it's present level. The point being here is that the Franklin Mine itself may not be profitable by itself (as other parties have alluded to on this bulletin board) even if the mill was fully permitted (which some are saying that it is still not ready to operate). The investors have invested in a mining coming company but did we blow the chance of that happening when the Durango deal fell through and the company now is not prepared to admit to this. I really think that they are in a salvage mode at present (the annual and quarterly reports continue to mention that they are not sure that the company can sustain itself as an ongoing endeavor indefinitely at the present state, without significant financial backing from Mr. Martucci.) If that is true and the mining is not going to be profitable, then the holders need to be informed! We can't make a decision on speculation that everything is going to "work out" in the mine and with the legal battles. There has to be ongoing communication that is straight forward. The down side of that is if the news is not good the value of the company will take another hit which it may not be able to tolerate. Something has to happen soon, because potentially the new NASDAQ rules may force to become unlisted due to the "penny" nature of the stock.