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


To: EdH who wrote (36218)7/16/1998 12:50:00 AM
From: vic klimpl  Respond to of 41046
 
Yes they sold 1.4 million shares that they got as warrants and sent ftel 2 mil for those warrants.they invested in ftel in 1995.They had every right to sell and take there long awaited profit.They helped finance ftel in the dayswhen it was very risky. They are mms and investment bankers and moved on to other ventures with there money. I personally believe instead of villifying them we should be thankful they financed this company in dark days of yore. And then schwartz came to the plate. Instead of the 1 mil. 95 finance they came upp with 7mil. the price of poker went up.And they will go someday and someone will up the ante to 30 or100 mil. hopefully. That is the evolution.That is what I hope for. Its like the traders that sell out now and it goes in to stronger hands.When this stock starts to climb now based on good prospects the stock will be sold by many reading this board at 3 and 4 and 5 and...and go in to the hands of institutions ,mutual funds and stronger hands.Thats evolution.lets hope we canexecute our game plan,the market and price will take care of itself.