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


To: Craig McNeill who wrote (38466)10/9/1998 6:02:00 PM
From: Randy Brummitt  Respond to of 41046
 
Quick take on S-1 amendment: Simply deals with dilution due to fact falling price provides for greater number of shares to be issued on conversion of preferred Series C shares. Also, appears (without checking) that falling price also results in potential for FTEL to receive greater amount of funds for exercise of warrants (>$11 mill). Right? Wrong?

Randy