Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: topwright who wrote (36317)	7/17/1998 3:27:00 PM
From: VALUESPEC	Respond to of 41046

RB, isn't the floor on the conversions $ 1.00? What might this mean for shareholders? FTEL may have to digest things for a while before it can rebound (assuming it does). RACE recently rebounded from about .75 to about $ 2.00. That was a nice come-back for them. Often, while private placement shares are being converted at an almost guaranteed profit, the stock price will suffer signficantly. I've mentioned this theme numerous times and gotten quite a lot of ridicule on this thread. I wonder why some of the more prominent bulls on this thread were not talking about what would happen if the FNET IPO did not take place by June 30, 1998. I wonder why some of the more prominent bulls on this thread were not talking about the Series C stock. I wonder why they act baffled at what is happening now. Did they really have eyes, but not see. Or have ears and yet could not hear? Next, will a storm of sales EVER materialize? Or will FTEL run out of money, first? Will they then need to have another private placement? Who knows, but those are things I like to stay aware of. FTEL: $ 2.03a ValueSpec