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

To: Al Krasberg who wrote (39659)	12/20/1998 2:23:00 PM
From: detroit denny	Respond to of 41046

Well said/typed ! Appreciate your input.

To: Al Krasberg who wrote (39659)	12/20/1998 8:51:00 PM
From: george willse	Read Replies (2) \| Respond to of 41046

Al, you said: "Having said that, Frank is after all the guy who found and hired the new management!" A few years back a couple of technical gurus by the name of Bob Noyce and Gordon Moore hired a very bright young man by the name of Andy Grove to run the daily operations of their new little company, Intel. There were about 50 employees at the time, and the company was located in a little hole-in-the-wall building. At the time the stock was selling around a $1.00, give or take a few cents. Noyce and Moore had the luxury of their experiences at Fairchild Semiconductor to clue them in on the fact that they needed strong day-to-day management. Frank Peters (much to the current dismay of us shareholders) did not have that experience, and hence the complaints about Frank's management style and decision making capabilities. It appears that the management Frank has brought in is doing a great job on the FTEL and FNET fronts. I, like many, wish he had made the management decisions much earlier than he did. My personal concern with the company now is twofold. First and foremost, Frank is coming into a large block of options that may be exercised at 1.5 cents/share, I believe. Some are even suggesting that FTEL's management is 'manipulating' the stock price to optimize the exercise price. If those shares are 'dumped' on the market at this tenuous time in FTEL's history, I think it would be catastrophic in the message it would send and subsequently the stock price. The proper thing for Frank and the other officers of the company to do, if they indeed have the company and the shareholders in mind, is to formally 'lock' their shares up for a period of time while the company pursues its growth agenda. If they believe that the company is going to be successful, there is no reason to take the 'small' short term profits now when they could have much more down the road. The second concern I have is the lack of an IPO or any information about one for FNET. The IPO news fueled a lot of the excitement in FTEL, especially last year and the year before at about this time as people were told to expect the IPo shortly. As you know, over 2 million dollars was transferred to FTEL by private investors for the purpose of funding and taking FNET public. These funds helped FTEL stay solvent and get it where it is today. It would say very little for FTEL's/FNET's management if they were getting rich by exercising their options (adding to dilution) while their investor's money, tied up for several years now based on unkept promises and unrealistic expectations, fuels management's personal enrichment before the company improves its performance and the IPO occurs. I'll close with a quote from Tom Russell's 12/18/98 CFO message: "In any investment scenario, FNET will seek the most value for its shareholders." Let's see if the rest of management's actions align with their CFO's statement!! Cheers, and Happy Holidays to All, George