SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL) -- Ignore unavailable to you. Want to Upgrade?

To: sammaster who wrote (35256)6/25/1998 9:00:00 PM
From: vic klimpl  Read Replies (4) | Respond to of 41046
 
1.774 million shares of ftel.sounds bad eh?heres the good part ,at 4.64 per share.Lets hope and pray they step up only means 8-9 mil to ftel. Of course at these prices they probably wont exercise.to bad.Its explained in the s1.hope this helps.



To: sammaster who wrote (35256)6/25/1998 9:11:00 PM
From: William Harvey  Respond to of 41046
 
sammaster,

It's one to one except in part (3) where it's only 50% convertible. In other words, they came to invest in FNet, but if the IPO doesn't go, they'll invest 1.7M shares in FTEL via the warrants.

WH


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News