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

To: Frank A. Coluccio who wrote (34322)	5/31/1998 3:37:00 PM
From: STK1	Read Replies (1) \| Respond to of 41046

I would also like to know exactly what instition bought and how much.Till there is a total spin off of fnet and ftel shareholders get compensated for it we only hold one company.

To: Frank A. Coluccio who wrote (34322)	5/31/1998 4:53:00 PM
From: topwright	Read Replies (2) \| Respond to of 41046

Frank, sorry that was not defined better. The institutional buyer(s) were the 1.744 million shares bought through Schwartz back in I believe Feb. It was made up of approximately seven different sub-institutional players that brought approximately 8.3 million bucks to the party. The average share price was 4.64 per FTEL share. (the above is from memory so I may be off a little, damn little,gggg) Prior to that there was a private placement on FNET at $1.00 per share. At market value this would have been $5.64 per share combined and since FNET is rolled into Franklin at present, it would then be considered to be an entity of Franklin. I was only using this as an example of what value has been placed on Franklin after extreme due diligence on the part of institutional players. And to think they usually buy at 15% to %20 below market value even puts more of a premium on Franklin in my opinion. Hope this helps to clarify, rb