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

To: vic klimpl who wrote (35257)	6/25/1998 9:01:00 PM
From: BuzzVA	Read Replies (1) \| Respond to of 41046

What happens if they don't exercise their warrants?

To: vic klimpl who wrote (35257)	6/25/1998 9:07:00 PM
From: sammaster	Read Replies (1) \| Respond to of 41046

thanks for the response will ftel report its earnings in early august? i know quarter ends on june 30 when did/will ftel start booking dvg's as sales to fnet? will fnet revenues still be counted on this quarters sales for ftel?(since they are booking revenues from internet service) thanks again, samir

To: vic klimpl who wrote (35257)	6/25/1998 9:31:00 PM
From: William Harvey	Read Replies (3) \| Respond to of 41046

vic, The $4.64 is the conversion price, for preferred holdings only, that one may convert at or at 80% of the average closing price for the previous 20 days (or about $2.35). It doesn't have anything to do with the warrants. The warrants are one share of FTEL stock for each warrant if the IPO doesn't go through. WH