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

To: George Papadopoulos who wrote (38192)	10/1/1998 9:13:00 AM
From: Seth L.	Read Replies (1) \| Respond to of 41046

Back to topic. We are starting to see that Franklin is coming out of their media shell. I suspect ( and I pray I am wrong) that the market will not react greatly to these announcements even though those that follow this industry must concede that they are on track to become a player in the field. I believe the 1st quarter numbers will start to make believers out of those that are watching this company. What I am banking on is an increase of volume will signal to those that are not watching closely to jump on board and drive the share price north. Wash sales, Is that 30 business days? %^) Just kidding. Sethy

To: George Papadopoulos who wrote (38192)	10/1/1998 11:03:00 AM
From: Kenneth V. McNutt	Respond to of 41046

OTOTOT George; You are correct to some degree. Congress does write laws whose intent is obscure at least, but very often the intent of the law is interpreted differently by the IRS and unless there is a great objection to the interpretation(the small taxpayer has no chance)the IRS reasoning of the intent of the law stands to the detriment of the general public. These same interpretations of the laws are the reasons the EPA, for example, has cost the taxpayers billions of dollars for enforcement of laws that were never the intent of Congress. I am not defending Congress as it is their sloppy writing of the laws,sometimes deliberately,that in many cases allows the broad interpretation to be used by the agency for the agencies advantage, ie. more taxes collected than intended, or use of environmental laws for social uses not intended by Congress. See RICO law applied to small polluters as an example. Your welcome K <<IRS does not make these confusing laws, Congress does. IRS tries to do its best trying to administer these laws.>>