To: Seth L. who wrote (35126 ) 6/23/1998 6:41:00 PM From: Stephen B. Temple Read Replies (1) | Respond to of 41046
Seth: I will mention this with hesitation, but what the hell. I think most of us are aware that the bottom line savor for Franklin is FNet Corp. When you figure in the "international intranet" and on-line "internet" service for FNet, this is the "thick icing" on a one layer deflated cake for us all. Its those quick-filling dump trucks full of pennies-per-minute-filling that will re-inflate Franklin. I think the main concern now is how to cause a influx of investor money back into Franklin within the short window we have now. Here are a few " will this possibly work? " statements> 1. Sales? Not short term, due to lack of qtr + positive earnings. 2. Equity Partners? No, because that money will flow into FTel. Yes, if it flowed into FTel, but would-be investors wanting into FNet will wait for the IPO IMHO. I really think that at this time, Investors want first-hand company value, and since we have little value for FTel, than it won't look like much til the IPO of FNet. I'm not at all saying FNet is going to be troubled by FTel shareholder value or price when IPO'd. 3. Acquisitions? No, unless we can muster up OzEmail, or DeltaThree types. 4. Mergers? Oh yea, now your talkin, but who? 5. Buy out? Maybe if you want to settle for 5 bucks! 6. Actual value for FTel in owning FNet? I have in earlier posts mentioned about a 1 for 10, meaning that if you own 10 shares of FTel you would recieve 1 share of FNet. But I was told that, yes, it would be great for those "now" investing into FTel, but type's like ourselves, it would be a major tax burden. But let me say for the record, I could care less about owning more shares of FNet. Everyone at this point that wouldn't be willing to sacrifice (if they already own FNet shares), would surely follow the lead if its to gain in FTel share value. If other owners of FTel/FNet would consider staying out of such an agreement, then maybe so. So if you own 30k of FTel, and 20k of FNet. Franklin offers everyone on record ( who does not own FNet at (set date on record), a 1 for 10, then I know others would gladly dismiss their "new" FNet shares, since like myself, they already own it. I believe that would eliminate the tax burden in this case. I also believe this would catapult Franklin well above 4 and everyone would be fat and allot happier. Sacrifice? Not really, knowing it would bring # 1 thru 4 listed below well above our expectations! But to me in our trying times, I see this as one-of-only a few solutions left ((in the state that Franklin is in - and considering the consequences if we don't make this listing on NAZ-Small Cap by the due-date)). It would create about 1.7 million FNet shares, but that wouldn't be a major burden. NAZ is important and here's why> 1. Investor Confidence 2. Equity Bankers will see this as a major step for Franklin bringing in institutions and the like. More clout in getting the necessary points for Bank Investors. 3. If we don't get listed in this time period, how will that reflect with said bankers, investment companies like Shwartz and others. 4. Exposure, exposure, exposure. Now, unless Franklin has a huge rocket under their feet, (not fluff!), in hind-sight later this year, I bet I'm right. I don't wanna be right> ggg Temp' Please excuse my imposter Mike Nakparait, who is ailing from the 115 degree heat in Texas. ggg