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

To: Ray Burke who wrote (35233)	6/25/1998 9:11:00 AM
From: William Harvey	Respond to of 41046

Ray, From the 'insider' page on Yahoo!, most of those stockholders are just that: They had restricted shares and now they've registered to sell (as per SEC regulation previously posted). They don't fit into any of the insider categories listed, now that their stock has been unrestricted. My point was that they can sell without further notification just like most of the shareholders on this thread. Form 4's don't cover the average Joe because the system is overloaded to begin with. From the page you cited: According to the Securities Exchange Act of 1934, an insider is defined as an officer or director of a public company, or an individual or entity owning 10% or more of any class of a company's shares. I thought it was restricted to those owning 10% of stock because in English construction, if you're going to combine a list of things, you omit the comma between the next to last and the last item in the list, eg. 'I am going to the store, drycleaner and ballgame with my hat on.' As you read the list above, you see the commas as actually combining the groups of a set. What kind of set? Those who own more than 10% of stock. In my sentence, the set is the set of the places I go with my hat on. My point exactly. You learn something new everyday. I feel a little silly pointing this out but you can see how it can be taken either way and it makes just a little bit of difference, doesn't it? WH