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

To: William de Alva who wrote (33161)	4/29/1998 1:54:00 PM
From: vic klimpl	Read Replies (2) \| Respond to of 41046

Bill, spoke to ftel today.They know that the folks are waiting for current info and are working on it. Imminent?maybe few days.The reason it hasn't been updated is the crush of work for folks.Frank and Tom have been totally consumed on arranging future finance for fnet for the network rollout for the last 2 months.The steps are as I understand it are 1-Roll out 8 domestic and 4 international pops by 7/1 with revenue generation(phase 1).2-Get very large capital infusion for network completion(summer).3- Ipo fnet at a huge price 10-20 later this year or early next.If that isn't good enough a plan oh well?Oh , I have it on good authority that last weeks total dump job was meyerson etal receiving the last of there 400k warrants. The bad news was they cratered the stock and got about 2.60-.2.80 a share.The good news is that they paid ftel 1/2 mill for the warrants. That buys about50 or more dvgs for fnet.jccaidc