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

To: Darrel Orpen who wrote (37965)	9/24/1998 7:04:00 PM
From: TOM MICALE	Respond to of 41046

Darrel take a look at their home page.....Im seeing Lucent Technologies. $$$$$$$

To: Darrel Orpen who wrote (37965)	9/24/1998 7:41:00 PM
From: David Hurd	Read Replies (1) \| Respond to of 41046

Darrel, You can thank Eileen for bringing that agreement home. Now its time to sit back and watch what Buswell EXECUTE his plan. Thanks Peter. DH

To: Darrel Orpen who wrote (37965)	9/24/1998 7:45:00 PM
From: David Colvin	Read Replies (2) \| Respond to of 41046

Darrel, I, too, am as mystified as you are. Look at the obvious sells today in large blocks!! Two scenarios occur to me....don't laugh: 1. Margin calls....general market conditions may be causing margin calls because of marginable securities losing so much value people are getting calls. Selling marginable securities will only yield perhaps $0.50 for every dollar of the proceeds toward covering a call, whereas (since FTEL isn't marginable) selling FTEL will yield $1.00 for every dollar of the proceeds toward covering a call. Let's say someone has a substantial position in KO. KO has slipped from a high of around $88/share to the low-$60s/share (a 30+% loss from the high) and the guy simply DOES NOT want to sell KO at these levels because he knows KO is a real, live, breathing behemoth that eventually will turn around someday....guaranteed. Instead, he sells some of his "gambling" stock.....something that MAY turn profitable in the future but, also, may not. All this because he has to do something NOW!!! 2. This scenario is really wild (really searching here)....Owning the warrants is really like owning the stock, so why not short FTEL to death (like shorting against the box?), instill fear in long term holders and buy shares on the OPEN MARKET at very depressed levels such as this. Then take foot off the stock, let it rise naturally and convert at the $1.00 floor. Then turn right around and sell the shares just converted into the open market at approximately the conversion price or slightly above...and KEEP the shares bought on the open market at $0.70 - $0.80 per share, essentially converting at $0.70 - $0.80 instead of the dollar floor. Sound silly? Perhaps.....I'm sure willing to listen to any other explanation no matter how far fetched it seems. Like you, I JUST DON'T GET IT!!! Dave p.s. Notice the increase in bid/ask after the close?