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

To: Seth L. who wrote (38290)	10/3/1998 7:03:00 PM
From: RinConRon	Respond to of 41046

Sethy, Thanks for re-posting that one. It deserves re-reading. As usual Elk is right on target. I'd like to add that historically the region has had great importance as a crossroad between Europe and Asia. Not to mention that in ancient times it didn't matter that it just happens to sit astride one of the world's largest known oil reserves. When peace and confidence are restored these facts will cause the region to become a strategic geopolitical hub. In this century those hubs have swarmed with telecommunications. So when the dust clears, whose facility will be up and running and sending home revenues? It's like show and tell for a first grade class. Kudos to Magruder and KK. Ron

To: Seth L. who wrote (38290)	10/5/1998 8:35:00 PM
From: William Harvey	Read Replies (1) \| Respond to of 41046

A couple thoughts on FNet's share of the Bosnia income. From the 10 filing we have this: "During June 1998, FNet entered into a joint venture agreement with Megaburst, Inc. to operate an 11-site satellite telephone network in Bosnia used by NATO troops. The joint venture will operate a network that was purchased by Megaburst, Inc. from a third party for $150,000. FNet advanced funds to Megaburst, Inc. for the purchase of the assets. Megaburst, Inc. will subsequently transfer the assets to FNet." From the press release: "Under the partnership agreement, Megaburst will be responsible for sales, marketing and in-country support, while FNet will operate the network and oversee billing, using its Tempest System, the only gateway product with an integrated proprietary tracking and invoicing capability. FNet will assume operational responsibility on July 1." Megaburst is going to be doing almost all of the legwork to guarantee the future of the network and FNet will own the equipment, keep it running and do the accounting. This may sound negative, but I've got two stocks where, in both cases, the 'oversee fee' is 6% of revenue. If that's the case, the FNet revenue would be $72k for the year, or 6% of $1.2M. Imo, if we can get a network up and running in Bosnia, then we can do it anywhere. It's a shrewd beginning. WH