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


To: Jamey who wrote (40618)2/2/1999 7:10:00 PM
From: Jamey  Read Replies (2) | Respond to of 41046
 
I want to repeat a request that I believe management should consider. If they are indeed interested in their stock holders or are we just a means to an end?

1. Pledge better Investor Relations
2. Pledge full disclosure in SEC forms and press releases!
3. Have more accountability!
4. Be able to with stand scrutiny!

When is the last time you were invited to a stock holder meeting or when have we ever had a conference call?

Santiago



To: Jamey who wrote (40618)2/2/1999 7:30:00 PM
From: William Harvey  Respond to of 41046
 
Santiago,

You're not going to hear both sides for a while. Go over to SI's USAT thread. All the pro-USAT investors have gone home. Defend them if you like, but they're not there.

WH



To: Jamey who wrote (40618)2/3/1999 12:29:00 AM
From: mark garner  Respond to of 41046
 
u said something about both sides being
heard. the only thing that is being posted
HERE is lies and my responses to those lies.

u r attempting to make some connection between
what happened before and what has happened with
USAT. U RESPONDED to my question to u, but
as usual, just like other bashers here, U DID
NOT ANSWER it though.

first off, CONNECT AMERICA ILLEGALLY OBTAINED
blocks of 800 service numbers/time and resold
that time to 4 to 5 other ISPs, including Franklin's
FNET. Franklin might have initially been guilty
of some ignorance as to making this agreement, but
when upon further thought and investigation of the
matter, Franklin found out that this 800 time was
illegally obtained and FRANKLIN CONTACTED THE FBI
CONCERNING CONNECT AMERICA. AT&T WOULD HAVE KNOWN
NOTHING AT THAT POINT IN TIME IF FRANKLIN DID NOT
CONTACT THE FBI and AT&T

now, with USAT, we are NOT TALKING ABOUT 800 service,
to begin with. we are talking about VOIP (Voice Over
Internet Protocol) maybe you have heard of it? u know,
its a technology that allows phone calls to be connected
through the internet by compressing the voice data into
packets transmitted via IP. its a technology that
bypasses traditional phone lines and therefore allows
phone calls occur at a fraction of the cost(simplistic
definition) VOIP is legal. FRANKLIN has been written
up in several industry magazines, including INTERNET
TELEPHONY in which they given a BEST PRODUCT award.

so, what are the similarities/differences between Connect America/FTEL and USAT/FTEL?

- FTEL was a customer of Connect America
USAT is a customer of FTEL

- Connect America illegally obtained 800 time,
misrepresented how it was obtained and resold it to FTEL.

FTEL sold equipment to USAT and agreed to maintain the
network for USAT. nothing was misrepresented.

- Connect America broke the law by stealing 800 service
time from AT&T. Franklin notified the FBI when they
learned of this. Franklin was named in a lawsuit by
AT&T, whose main defendant was Connect America. FTEL
amicably settled with AT&T. Franklin did not directly
break any law, but was accused of unjust enrichment.

USAT did not break any law in running their business. it
is not illegal to offer a flat rate phone service. the
only thing we know is that USAT MIGHT have broken an
SEC regulation, from the marketing/dissemination of
public info in what the SEC suspected to inflate their
stock price. USAT'S flat rate service is totally
legal. the only damages that can be assessed are to
USAT by their shareholders, if they broke any SEC
regulations. there is NO POSSIBLE liabiltiy to Franklin
through what has happened to USAT.

soooo, u can say that they were similar because they
both dealt in a flat rate service?

WHAT A JOKE!

i am willing to hear/tell both sides of a story.
i JUST WONT TOLERATE LIES from you people. i WONT
TOLERATE FALSE INNUENDOS either.

the ONLY THING that we need to worry about concerning
USAT is the possibility that we wont get any MORE
business from them. it has been VERIFIED that Franklin
has received 2.5 million dollars in orders from USAT
and has banked the entire amount. no one can say, at
this point, whether Franklin will get any more business
from USAT. HOWEVER, USAT has said that they will
continue building out their nationwide network. my
personal opinion is that USAT's press release today was
a positive for their business. to me, it tells me that
USAT is divesting itself of the main problem with what
caused the SEC investigation so that (IMO) they can
continue with their business to the satisfaction of
the SEC.