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

To: lostmymoney who wrote (35278)	6/26/1998 1:00:00 PM
From: elk	Read Replies (3) \| Respond to of 41046

Mike however consider this into that Float/Share discussion for ETEL: <<The Company issued 1,725,000 Redeemable Common Stock Purchase Warrants in its initial public offering, effective April 7, 1997. Under the terms governing these Warrants, e-Net may, for $.05 per Warrant, redeem the Warrants that have not already been exercised and converted to a share of e-Net common stock at an exercise price of $5.25, if e-Net's common stock closing bid price equals or exceeds $10.00 per share for a thirty consecutive trading day period. Such a period ended on May 14, 1998. The common stock that underlies the Warrants is registered under a post-effective amendment to the Company's initial public offering registration statement, which was declared effective by the Securities and Exchange Commission on May 7, 1998. The redemption notice and accompanying prospectus are scheduled to be mailed to the registered holders of the Warrants on Monday, May 18, 1998, and the redemption is scheduled for Friday, June 19, 1998.>> Looks like the float will more than double, since according to Yahoo Profile, there are only 1.5 Million in the float currently. Also before praising them to highly look at their last Q, <<Sales for the third quarter ended December 31, 1997 were approximately $164,700>> Compare that to FTEL's $325,000 for the same period. Almost double. With that said, I like ETEL and the fact that they are marginable, I am sure has made ETEL's investors very wealthy, since a lot of folks who bought in at 4-5 dollars, and were marginable at 12, now sitting at 18. I know what my plan is for FTEL, and I am sure they are the same as many ETEL investors have had the good fortune and opportunity to do. To me it shows more and more, why I am buying FTEL at these prices!<GGGGGGGG>

To: lostmymoney who wrote (35278)	6/26/1998 1:17:00 PM
From: vic klimpl	Respond to of 41046

Did I miss something about quality, they we in baltimore where ftel won best in show. Oh the mms are grudgingly raising the bid.Cant understand why. Last sept. we were at 10 in anticipation of the dvg development and some financing.Today 1-the dvg is in production 2-the dvg is being sold to outside companies along with fnet 3-We did raise over 8mil. 4- lest we forget,A FULLY REPORTING COMPANY(the sec test of fire) 5- new management created for fnet 6- hiring of peter buswell to accelerate hardware sales 7- development of accounting module(note etel is selling that as a service,thats beendone by the telcos and everyones brother for about 100 years,not proprietary hardware.) 8- All necessary requirements for full cap nasdaq except price. 9- pops being deployed for fnet for revenue generation by mid to late summer,imho 10- well you get the idea. not one spec. but all facts and we aint at 10 . solution get of overthe counter and away from the third tier bandit mms. GO TO THE AMEX ,us a specialist and at least get a bit of honesty. Oh for those who are long termers,seems the company is going at an ever increasing rate on all fronts.