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

To: Daine Newman who wrote (35229)	6/25/1998 3:30:00 AM
From: pld	Read Replies (1) \| Respond to of 41046

maybe this will help on the shares selling issue biz.yahoo.com

To: Daine Newman who wrote (35229)	6/25/1998 7:27:00 AM
From: William Harvey	Read Replies (2) \| Respond to of 41046

Daine, The SEC document to which you refer says that if you own 10% or more of the company's stock you must file a Form 3. If that information changes, you must file a Form 4. In contrast, there are many reasons why a 144 should be filed. Most of the people listed on the "Insider" page are stockholders that probably received restricted stock some time ago and are now entitled to sell. The 144 simply documents their rights to sell. As non-titled stockholders, would it be surprising if they were not required to do anything further to sell? What seems inconsistent is that the SEC is rather exhaustive about Form 144 but limited about the scope of Form 4. Throughout this entire discussion, I have remained convinced that we've seen a lot more buying than selling and that's the bottom line. I've done the math. WH