Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
FRTW - SEC Suspensiion
Franklin Towers Enterprises, Inc. (FRTW)
http://www.sec.gov/litigation/suspensions/2013/34-70435.pdf
SECURITIES EXCHANGE ACT OF 1934
Release No. 70435 / September 18, 2013
The U.S. Securities and Exchange Commission announced the temporary suspension of trading
in the securities of the following issuers, commencing at 9:30 a.m. EDT on September 18, 2013
and terminating at 11:59 p.m. EDT on October 1, 2013:
?
? Franklin Towers Enterprises, Inc. (FRTW)
The Commission temporarily suspended trading in the securities of the foregoing companies due
to a lack of current and accurate information about the companies because they have not filed
certain periodic reports with the Commission. This order was entered pursuant to Section 12(k)
of the Securities Exchange Act of 1934 (Exchange Act).
Nice to see some volume here today.
MS99
<<< $FRTW Links! >>> ~ MAC's Quick DD Links without the charts.
PennyStockTweets ~ http://www.pennystocktweets.com/stocks/profile/FRTW
OTC Markets Company Info ~ http://www.otcmarkets.com/stock/FRTW/company-info
OTC Markets Charts ~ http://www.otcmarkets.com/stock/FRTW/chart
OTC Markets Quote ~ http://www.otcmarkets.com/stock/FRTW/quote
OTC Markets News ~ http://www.otcmarkets.com/stock/FRTW/news
OTC Markets Financials ~ http://www.otcmarkets.com/stock/FRTW/financials
OTC Markets Short Sales ~ http://www.otcmarkets.com/stock/FRTW/short-sales
OTC Markets Insider Disclosure ~ http://www.otcmarkets.com/stock/FRTW/insider-transactions
OTC Markets Research Reports ~ http://www.otcmarkets.com/stock/FRTW/research
Google Finance Summary ~ http://www.google.com/finance?q=FRTW
Google Finance News ~ http://www.google.com/finance/company_news?q=FRTW
Google Finance Option chain ~ http://www.google.com/finance/option_chain?q=FRTW
Google Finance Financials ~ http://www.google.com/finance?q=FRTW&fstype=ii#
Google Finance Historical prices Daily ~ http://www.google.com/finance/historical?q=FRTW
Google Finance Historical prices Weekly ~ http://www.google.com/finance/historical?q=FRTW&histperiod=weekly#
Y! < Company >
Y! Profile ~ http://finance.yahoo.com/q/pr?s=FRTW+Profile
Y! Key Stat's ~ http://finance.yahoo.com/q/ks?s=FRTW+Key+Statistics
Y! Headlines ~ http://finance.yahoo.com/q/h?s=FRTW+Headlines
Y! Summary ~ http://finance.yahoo.com/q?s=FRTW
Y! Historical Prices ~ http://finance.yahoo.com/q/hp?s=FRTW+Historical+Prices
Y! Order Book ~ http://finance.yahoo.com/q/ecn?s=FRTW+Order+Book
Y! Message Boards ~ http://messages.finance.yahoo.com/mb/FRTW
Y! Market Pulse ~ http://finance.yahoo.com/marketpulse/FRTW
Y! Technical Analysis ~ http://finance.yahoo.com/q/ta?s=FRTW+Basic+Tech.+Analysis
Y! < Analyst Coverage >
Y! Analyst Opinion ~ http://finance.yahoo.com/q/ao?s=FRTW+Analyst+Opinion
Y! Analyst Estimates ~ http://finance.yahoo.com/q/ae?s=FRTW+Analyst+Estimates
Y! Research Reports ~ http://finance.yahoo.com/q/rr?s=FRTW+Research+Reports
Y! Star Analysts ~ http://finance.yahoo.com/q/sa?s=FRTW+Star+Analysts
Y! < Ownership >
Y! Major Holders ~ http://finance.yahoo.com/q/mh?s=FRTW+Major+Holders
Y! Insider Transactions ~ http://finance.yahoo.com/q/it?s=FRTW+Insider+Transactions
Y! Insider Roster ~ http://finance.yahoo.com/q/ir?s=FRTW+Insider+Roster
Y! < Financials >
Y! Income Statement ~ http://finance.yahoo.com/q/is?s=FRTW+Income+Statement&annual
Y! Balance Sheet ~ http://finance.yahoo.com/q/bs?s=FRTW+Balance+Sheet&annual
Y! Cash Flow ~ http://finance.yahoo.com/q/cf?s=FRTW+Cash+Flow&annual
FINVIZ ~ http://finviz.com/quote.ashx?t=FRTW&ty=c&ta=0&p=d
Investorshub Trades ~ http://ih.advfn.com/p.php?pid=trades&symbol=FRTW
Investorshub Board Search ~ http://investorshub.advfn.com/boards/getboards.aspx?searchstr=FRTW
Investorshub PostStream ~ http://investorshub.advfn.com/boards/poststream.aspx?ticker=FRTW
Investorshub Messages ~ http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=FRTW
Investorshub Videos ~ http://ih.advfn.com/p.php?pid=ihvse&ihvqu=FRTW
Investorshub News ~ http://ih.advfn.com/p.php?pid=news&btn=s_ok&ctl00%24sb3%24tbq1=Get+Quote&as_values_IH=&ctl00%24sb3%24stb1=Search+iHub&symbol=FRTW&s_ok=OK&from_month=3&from_day=15&from_year=2012&order=desc&selsrc%5B%5D=prnca&selsrc%5B%5D=prnus&selsrc%5B%5D=zacks&selsrc%5B%5D=money2&selsrc%5B%5D=djn&selsrc%5B%5D=bw&selsrc%5B%5D=globe&selsrc%5B%5D=edgar&selsrc%5B%5D=mwus&force=1&last_ts=1331855999&p_n=1&p_count=&p_ts=1331794260
CandlestickChart ~ http://www.candlestickchart.com/cgi/chart.cgi?symbol=FRTW&exchange=US
Barchart Quote ~ http://barchart.com/quotes/stocks/FRTW?
Barchart Detailed Quote ~ http://barchart.com/detailedquote/stocks/FRTW
Barchart Options Quotes ~ http://barchart.com/options/stocks/FRTW
Barchart Technical Chart ~ http://barchart.com/charts/stocks/FRTW&style=technical
Barchart Interactive Chart ~ http://barchart.com/charts/stocks/FRTW&style=interactive
Barchart Technical Analysis ~ http://barchart.com/technicals/stocks/FRTW
Barchart Trader's Cheat Sheet ~ http://barchart.com/cheatsheet.php?sym=FRTW
Barchart Barchart Opinion ~ http://barchart.com/opinions/stocks/FRTW
Barchart Snapshot Opinion ~ http://barchart.com/snapopinion/stocks/FRTW
Barchart News Headlines ~ http://barchart.com/news/stocks/FRTW
Barchart Profile ~ http://barchart.com/profile//FRTW
Barchart Key Statistics ~ http://barchart.com/profile.php?sym=FRTW&view=key_statistics
OTC: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=FRTW&MarketTicker=OTC&TYP=S
NASDAQ: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=FRTW&MarketTicker=NASD&TYP=S
NYSE: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=FRTW&MarketTicker=NYSE&Typ=S
Marketwatch Profile ~ http://www.marketwatch.com/investing/stock/FRTW/profile
Marketwatch Analyst Estimates ~ http://www.marketwatch.com/investing/stock/FRTW/analystestimates
Marketwatch Historical Quotes ~ http://www.marketwatch.com/investing/stock/FRTW/historical
Marketwatch Financials ~ http://www.marketwatch.com/investing/stock/FRTW/financials
Marketwatch Overview ~ http://www.marketwatch.com/investing/stock/FRTW
Marketwatch SEC Filings ~ http://www.marketwatch.com/investing/stock/FRTW/secfilings
Marketwatch Picks ~ http://www.marketwatch.com/investing/stock/FRTW/picks
Marketwatch Hulbert ~ http://www.marketwatch.com/investing/stock/FRTW/hulbert
Marketwatch Insider Actions ~ http://www.marketwatch.com/investing/stock/FRTW/insideractions
Marketwatch Options ~ http://www.marketwatch.com/investing/stock/FRTW/options
Marketwatch Charts ~ http://www.marketwatch.com/investing/stock/FRTW/charts
Marketwatch News ~ http://bigcharts.marketwatch.com/news/symbolsearch/symbolnews.asp?news=markadv&symb=FRTW&sid=1795093&framed=False
The Lion ~ http://thelion.com/bin/aio_msg.cgi?cmd=search&msg=&si=1&tw=1&tt=1&rb=1&ih=1&fo=1&iv=1&yf=1&sa=1&fb=1&gg=1&symbol=FRTW
Search NYSE ~ http://www.nyse.com/about/listed/lcddata.html?ticker=FRTW
StockTA ~ http://www.stockta.com/cgi-bin/analysis.pl?symb=FRTW&num1=567&cobrand=&mode=stock
StockHouse ~ http://www.stockhouse.com/financialtools/sn_overview.aspx?qm_symbol=FRTW
StockHouse Delayed LII ~ http://www.stockhouse.com/financialtools/sn_level2.aspx?qm_page=46140&qm_symbol=FRTW
AlphaTrade ~ http://tools.alphatrade.com/index.php?t1=mc_quote_module&t2=mc_quote_module2&t3=historical&template=historical2html&sym=FRTW&client_id=2740&a_width=680&a_height=1000&language=english&showVol=1&chtype=8
Reuters ~ http://www.reuters.com/finance/stocks/companyOfficers?symbol=FRTW.PK&WTmodLOC=C4-Officers-5
StockWatch ~ http://www.stockwatch.com/Quote/Detail.aspx?symbol=FRTW®ion=U
Search NASDAQ ~ http://www.nasdaq.com/symbol/FRTW
NASDAQ Divy History ~ http://www.nasdaq.com/symbol/FRTW/dividend-history
NASDAQ Short Interest ~ http://www.nasdaq.com/symbol/FRTW/short-interest
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/FRTW/institutional-holdings
NASDAQ FlashQuotes ~ http://www.nasdaq.com/aspx/flashquotes.aspx?symbol=FRTW&selected=FRTW
NASDAQ InfoQuotes ~ http://www.nasdaq.com/aspx/infoquotes.aspx?symbol=FRTW&selected=FRTW
NASDAQ After Hours Quote ~ http://www.nasdaq.com/symbol/FRTW/after-hours
NASDAQ Pre-Market Quote ~ http://www.nasdaq.com/symbol/FRTW/premarket
NASDAQ Historical Quote ~ http://www.nasdaq.com/symbol/FRTW/historical
NASDAQ Option Chain ~ http://www.nasdaq.com/symbol/FRTW/option-chain
NASDAQ Company Headlines ~ http://www.nasdaq.com/symbol/FRTW/news-headlines
NASDAQ Press Releases ~ http://www.nasdaq.com/symbol/FRTW/news-headlines
NASDAQ Sentiment ~ http://www.nasdaq.com/symbol/FRTW/sentiment
NASDAQ Analyst Summary ~ http://www.nasdaq.com/symbol/FRTW/analyst-research
NASDAQ Guru Analysis~ http://www.nasdaq.com/symbol/FRTW/guru-analysis
NASDAQ Stock Report ~ http://www.nasdaq.com/symbol/FRTW/stock-report
NASDAQ Competitors ~ http://www.nasdaq.com/symbol/FRTW/competitors
NASDAQ Stock Consultant ~ http://www.nasdaq.com/symbol/FRTW/stock-consultant
NASDAQ Stock Comparison ~ http://www.nasdaq.com/symbol/FRTW/stock-comparison
NASDAQ Call Transcripts ~ http://www.nasdaq.com/symbol/FRTW/call-transcripts
NASDAQ Annual Reports ~ http://www.nasdaq.com/aspx/annualreport.aspx?symbol=FRTW&selected=FRTW
NASDAQ Financials ~ http://www.nasdaq.com/symbol/FRTW/financials
NASDAQ Revenue & Earnings Per Share (EPS) ~ http://www.nasdaq.com/symbol/FRTW/revenue-eps
NASDAQ SEC Filings ~ http://www.nasdaq.com/symbol/FRTW/sec-filings
NASDAQ Ownership Summary ~ http://www.nasdaq.com/symbol/FRTW/ownership-summary
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/FRTW/institutional-holdings
NASDAQ (SEC Form 4) ~
--------- All Trades ~ http://www.nasdaq.com/symbol/FRTW/insider-trades
--------- Buys ~ http://www.nasdaq.com/symbol/FRTW/insider-trades/buys
--------- Sells ~ http://www.nasdaq.com/symbol/FRTW/insider-trades/sells
The Motley Fool ~ http://caps.fool.com/Ticker/FRTW.aspx
The Motley Fool Earnings/Growth ~ http://caps.fool.com/Ticker/FRTW/EarningsGrowthRates.aspx?source=itxsittst0000001
The Motley Fool Ratios ~ http://caps.fool.com/Ticker/FRTW/Ratios.aspx?source=itxsittst0000001
The Motley Fool Stats ~ http://caps.fool.com/Ticker/FRTW/Stats.aspx?source=icasittab0000006
The Motley Fool Historical ~ http://caps.fool.com/Ticker/FRTW/Historical.aspx?source=icasittab0000004
The Motley Fool Scorecard ~ http://caps.fool.com/Ticker/FRTW/Scorecard.aspx?source=icasittab0000003
The Motley Fool Statements ~ http://caps.fool.com/Ticker/FRTW/Statements.aspx?source=icasittab0000009
MSN Money ~ http://investing.money.msn.com/investments/stock-ratings?symbol=FRTW
YCharts ~ http://ycharts.com/companies/FRTW
YCharts Performance ~ http://ycharts.com/companies/FRTW/performance
YCharts Dashboard ~ http://ycharts.com/companies/FRTW/dashboard
InsideStocks Opinion ~ http://www.insidestocks.com/texpert.asp?sym=FRTW&code=XDAILY
InsideStocks Profile ~ http://www.insidestocks.com/profile.asp?sym=FRTW&code=XDAILY
InsideStocks Quote ~ http://www.insidestocks.com/quote.asp?sym=FRTW&code=XDAILY
InsideStocks Projection ~ http://charts3.barchart.com/procal.asp?sym=FRTW
Zacks Quote ~ http://www.zacks.com/stock/quote/FRTW
Zacks Estimates ~ http://www.zacks.com/research/report.php?type=estimates&t=FRTW
Zacks Company Reports ~ http://www.zacks.com/research/report.php?type=report&t=FRTW
Knobias ~ http://knobias.10kwizard.com/files.php?sym=FRTW
StockScores ~ http://www.stockscores.com/quickreport.asp?ticker=FRTW
Trade-Ideas ~ http://www.trade-ideas.com/StockInfo/FRTW/HOT_TOPIC.html
Morningstar ~ http://performance.morningstar.com/stock/performance-return.action?region=USA&t=FRTW&culture=en-US
Morningstar Shareholders ~ http://investors.morningstar.com/ownership/shareholders-overview.html?t=FRTW®ion=USA&culture=en-us
Morningstar Transcripts~ http://www.morningstar.com/earnings/NoTranscript.aspx?t=FRTW®ion=USA
Morningstar Key Ratios ~ http://financials.morningstar.com/ratios/r.html?t=FRTW®ion=USA&culture=en-US
Morningstar Executive Compensation ~ http://insiders.morningstar.com/trading/executive-compensation.action?t=FRTW®ion=USA&culture=en-us
Morningstar Valuation ~ http://financials.morningstar.com/valuation/price-ratio.html?t=FRTW®ion=USA&culture=en-us
CCBN (Thompson Reuters) ~ http://ccbn.aol.com/company.asp?client=aol&ticker=FRTW
TradingMarkets ~ http://pr.tradingmarkets.com/?lid=leftPRbox&sym=FRTW
OTCBB ~ http://www.otcbb.com/asp/SiteSearch.asp?Criteria=FRTW&searcharea=e&image1.x=0&image1.y=0
Insidercow ~ http://www.insidercow.com/history/company.jsp?company=FRTW&B1=Search%21
Forbes News ~ http://search.forbes.com/search/find?tab=searchtabgeneraldark&MT=FRTW
Forbes Press Releases ~ http://search.forbes.com/search/find?&start=1&tab=searchtabgeneraldark&MT=FRTW&pub=businesswire,prnewswire&searchResults=pressRelease&tag=pr&premium=on
Forbes Web ~ http://search.forbes.com/search/web?MT=UNGS&start=1&max=10&searchResults=web&tag=web&sort=null
YouTube Symbol Search ~ http://www.youtube.com/results?search_query=FRTW
Buy-Ins ~ http://www.buyins.net/tools/symbol_stats.php?sym=FRTW
Quotemedia ~ http://www.quotemedia.com/results.php?qm_page=47556&qm_symbol=FRTW
Earnings Whispers ~ http://www.earningswhispers.com/stocks.asp?symbol=FRTW
Bloomberg Snapshot ~ http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=FRTW
Bloomberg People ~ http://investing.businessweek.com/research/stocks/people/people.asp?ticker=FRTW
Financial Times ~ http://markets.ft.com/Research/Markets/Tearsheets/Summary?s=FRTW
Investorpoint ~ http://www.investorpoint.com/ enter "FRTW" and click search.
Hotstocked ~ http://www.hotstocked.com/ enter "FRTW" and click search.
Raging Bull ~ http://ragingbull.quote.com/mboard/boards.cgi?board=FRTW
Hoovers ~ http://www.hoovers.com/search/company-search-results/100003765-1.html?type=company&term=FRTW
DD Machine ~ http://www.ddmachine.com/default.asp?m=stocktool_frame.asp?symbol=FRTW
SEC Form 4 ~ http://www.secform4.com/insider/showhistory.php?cik=FRTW
OTCBB Pulse ~ http://www.otcbbpulse.com/cgi-bin/pulsequote.cgi?symbol=FRTW
Failures To Deliver ~ http://failurestodeliver.com/default2.aspx enter "FRTW" and click search.
http://www.coordinatedlegal.com/SecretaryOfState.html
http://regsho.finra.org/regsho-Index.html
http://www.shortsqueeze.com/?symbol=FRTW&submit=Short+Quote%99
DTCC (PENSON/TDA) Check - (otc and pinks) - Note ~ I did not check for this chart blast. However, I try and help you to do so with the following links.
IHUB DTCC BOARD SEARCH #1 http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=FRTW
IHUB DTCC BOARD SEARCH #2: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=14482&srchyr=2011&SearchStr=FRTW
Check those searches for recent FRTW mentions. If FRTW is showing up on older posts and not on new posts found in link below, The DTCC issues may have been addressed and fixed. Always call the broker if your security turns up on any DTCC/PENSON list.
http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=Complete+list
For a complete list see the pinned threads at the top here ---> http://tinyurl.com/TWO-OLD-FARTS
MACDlinks
FRTW merger underway with Chongqing Xinshengxiang Enterprise Developing Co., Ltd.
Link to Bloomberg on this company:
http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=35157241
www.franklintowersenterprises.com now links with www.xinshengxiang.com but the website isn't up right now.
This change has just happened this week. FRTW is due to renew with Nevada SOS at the end of March.....changes should show up at that time....link to Nevada SOS for FRTW:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=TBNt8WNLJtH9kPdYn%252bn9ZA%253d%253d&nt7=0
MS99
I figured a silk producing company in China would do fairly well.
Considering China's economy seems to be on a tear.
Boy, I figured wrong. Is thing even trading anymore?
Not sure how long this company will last. I'm holding shares but I'm not too hopeful.
i see there's no mod. i'll try out.
i think it has potential. triple 0's look like a great price
i like this stock
One has to hope penny!!!
Would be nice to see a New Direction for the company come into focus in the coming months.
This stock is essentially dead. But I know how fast things can change in Penny Stock Land. The Land of nightmares and dreams come true.
With a new vision which I hope will remain "China-centric",?!?
this dead and sleeping Zombie could put money back in my pockets.
Stranger things have happened....
I already dropped this one off the list weeks ago.
FRTW, uh oh, time to go back to da promised land!
Withdrawal of Registration Statement on Form S-1 (Registration No. 333-148341) Under the Securities Act of 1933 for Franklin Towers Enterprises, Inc.
Ladies and Gentlemen:
Pursuant to Rule 477 promulgated under the Securities Act of 1933, as amended (the "Securities Act"), Franklin Towers Enterprises, Inc. (the "Registrant") hereby respectfully requests that the Securities and Exchange Commission consent to the withdrawal of its Registration Statement on Form S-1 (Registration No. 333-148341), together with all exhibits and amendments thereto (the “Registration Statement”). The Registrant has determined not to proceed with the registration and sale of its common stock at this time. No shares of its common stock have been offered or sold under the Registration Statement.
Please address any questions you may have to the undersigned at 88 Julong Road, Lidu Economic Development Zone, Fulin, Chongqing, China, telephone number 86-23-7218-3336.
Thank you for your assistance with this matter.
Sincerely,
/s/ Dingliang Kuang
Dingliang Kuang
President and Chief Executive Officer
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7129039
This is a good one and if they ever get a news program she will fly.
Dave
Thanks and hope we see that come in the next quarterley for proffit.
"Silk prices soared to 15-year high"
http://translate.google.com/translate?js=y&prev=_t&hl=en&ie=UTF-8&layout=1&eotf=1&u=http%3A%2F%2Fwww.zhiyichang.com%2Ftext61.html&sl=zh-CN&tl=en
Thanks for the results Harley and they are getting closer to the Green here.
I am still holding for the longterm and will not make any moves.
Putting down lots of miles and revenue myself so making hay when the sun is shining.
Dave
Results of Operations
Comparison of Sales for the Three Months Ended March 31, 2010 and 2009
Three Months Ended March 31,
Sales in US dollars 2010 2009
Silk $ 631,835 $ 257,961
Cocoons - 33,565
By products and others 80,676 106,845
Total sales $ 712,511 $ 398,371
Net Sales
Our net sales increased $314,140, or 79% to $712,511 in the first quarter 2010 from $398,371 in the first quarter 2009. The Company sold 21.60 tons of silk during the three months ended March 31, 2010, an increase of 8.84 tons, compared to 12.76 tons during the same period of 2009. The revenue from sale of silk was $631,835 in the first quarter 2010, an increase of $373,874, or 145% as compared to $257,961 for the three months ended March 31, 2009.
The cocoon is a raw material for production of silk. There were no cocoon sales in the first quarter of 2010 due to seasonality.
Gross Profit
Comparison of Gross Profit for the Three Months Ended March 31, 2010 and 2009
Three Months Ended March 31,
2010 2009
Net sales $ 712,511 $ 398,371
Cost of sales (600,928 ) (370,486 )
Gross profit $ 111,583 $ 27,885
Gross profit margin rate 15.66 % 7.00 %
5
--------------------------------------------------------------------------------
Gross profit for the three months ended March 31, 2010 and 2009 was $111,583 and $27,885, respectively. The gross profit margin rate increased 8.66 percentage points to 15.66% in the first quarter 2010 from 7% in the first quarter 2009. This improvement reflects the improvement of silk market conditions and is also the result of our contemplated acquisition of Zhengzhong (see Plan of Operation). The Company started to use its exclusive right through acquired assets of Zhengzhong to purchase cocoons directly from local farmers commencing in the spring cocoon season of 2008. As a result, the Company had better quality and lower cost cocoons.
(Loss) from Operations
Comparison of (Loss) from Operations for the Three Months Ended March 31, 2010 and 2009
Three Months Ended March 31,
2010 2009
Gross profit $ 111,583 $ 27,885
Professional fees 17,024 16,629
Depreciation and amortization 10,111 9,625
Selling expenses 16,815 10,127
Cocoon station costs - 18,088
Other general and administrative expenses 124,490 92,147
Total operating expenses 168,440 146,616
(Loss) from operations $ (56,857 ) $ (118,731 )
Loss from operations for the three months ended March 31, 2010 was $56,857, an improvement of $61,874, as compared to loss from operations of $118,731 for the three months ended March 31, 2009.
Total operating expenses were $168,440, an increase of $21,824, or 15%, as compared to $146,616 for the three months ended March 31, 2009. The increase was primarily due to the increase in other general and administrative expenses.
Other general and administrative expenses consist of expenses relating to our back office and general and administrative expenses relating to our cocoon stations. Other general and administrative expenses increased $32,343 to $124,490 in the first quarter 2010 from $92,147 in the same quarter 2009. The increase was primarily attributable to the cost in connection with the application of government subsidy.
6
--------------------------------------------------------------------------------
Other Expenses, Net
Comparison of Other Expenses, net for the Three Months Ended March 31, 2010 and 2009
Three Months Ended March 31,
2010 2009
Subsidy income $ 173,611 $ 265,458
Interest income 802 6,457
Interest expense (433,638 ) (479,730 )
Other Expenses, net $ (259,225 ) $ (207,815 )
Total other expenses, net were $259,225 for the three months ended March 31, 2010, an increase of $51,410 as compared to $207,815 for the three months ended March 31, 2009. The Company received $173,611 and $265,458 net subsidy from local Chinese government during the three months ended March 31, 2010 and 2009, respectively. These government subsidies were in connection with the purchase of cocoons and as an incentive for technology innovation. Part of these subsidies will pass through to the farmers who produced the cocoons when we purchase the cocoons from farmers.
Interest expenses consist of interest paid for short term loans and accrued loan interest expense and default penalties in connection with the defaulted convertible notes. Accrued loan interest and default penalties totaled $342,042 and $342,042 for the three months ended March 31, 2010 and 2009, respectively.
Notice of late filing!!!
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
SEC File Number: 000-52150
CUSIP Number: 354807 10 9
Check One: o Form 10-K o Form 20-F o Form 11-K x Form 10-Q o Form NSAR
For the period ended: March 31, 2010
o Transition Report on Form 10-K
o Transition Report on Form 20-F
o Transition Report on Form 11-K
o Transition Report on Form 10-Q
o Transition Report on Form NSAR
For the transition period ended: Not Applicable
Read Attached Instruction Sheet Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.
If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates: Not Applicable
--------------------------------------------------------------------------------
PART I - REGISTRANT INFORMATION
Full Name of Registrant: Franklin Towers Enterprises, Inc.
Former Name if Applicable: N/A
Address of Principal Executive Office: 5 Ash Drive, Center Barnstead, New Hampshire 03225
PART II - RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)
--------------------------------------------------------------------------------
(a) The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense.
x (b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
(c) The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
--------------------------------------------------------------------------------
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 20-F, 11-K, 10-Q, or N-SAR, or the transition report or portion thereof, could not be filed within the prescribed time period.
Franklin Towers Enterprises, Inc. (the "Company") could not complete the filing of its Quarterly Report on Form 10-Q for the quarter ended March 31, 2010 due to a delay in obtaining and compiling information required to be included in the Company's Form 10-Q, which delay could not be eliminated by the Company without unreasonable effort and expense. In accordance with Rule 12b-25 of the Securities Exchange Act of 1934, the Company will file its Form 10-Q no later than the fifth calendar day following the prescribed due date.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this notification:
Michael T. Williams, Esq. 813 831-9348
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 for Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed?
Yes x No o
If answer is no, identify report(s): Not Applicable
--------------------------------------------------------------------------------
(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal years will be reflected by the earning statements to be included in the subject report or portion thereof?
Yes o No x
If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
--------------------------------------------------------------------------------
FRANKLIN TOWERS ENTERPRISES, INC.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: May 14, 2010 FRANKLIN TOWERS ENTERPRISES, INC.
By: /s/ Dingliang Kuang
Name: Dingliang Kuang
Title: Chief Executive Officer and President
ATTENTION
Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001)
Same here aliangel,
The girlfriend picked up some nice shares @.0041, a few weeks back and caught a quick double. Had her cash out 1/2 today to ride some free shares. Me, still holding at least thru 1-2 more quarters to see if sales are going to come back stronger. I think we are good here for now!
Low volume but doubled today from the 10k. I have a feeling we will see more interest in the next couple of weeks going into the quarterley in May.
I am going to hold all and possibly add some after this cools from the 10k.
Dave
Interesting, Scottrade has PPS @ 0.00. Pinksheets has FRTW data as follows..........
SOOOOOOO the question is......... what the hell is the current PPS ??
Trade Data / Last Trade Feb 10, 2010Last Sale 0.0095 Change -0.00
% Change -0.000003 Tick Up
Daily High 0.00 Daily Low 0.00
Opening Price 0.00 Volume 0
52 wk. High 0.035 52 wk. Low 0.0005
Prev Close 0.0095 Dividend 0.00
Yield 0.00 Beta Coefficient 0.81
Earnings/Share -0.27
Amen brother, but we both know, they do what they do!!! That's ok, I'll keep building on my position, all will be well.
Darn, I would have much preferred you get it than some Market Maker doing what they do.
Story isn't over yet.
Mr GP,
I agree with your comments. Speaking of the .007 bid, that was mine. Really just a trash bid in case FRTW got caught up in this china sell-off. I came back from a meeting to see the .002 filled. My .007 never filled???? Games being played!
I can easily see why you have 0 personmarks. Seeing how you relish and take light in others distress without offering any meaningful insight into the situation.
I do find it funny how that bid of .007 which has sat there for quite some time was just skipped over today and all shares were sold at .0021 and .0022
And then the bid came back for .007 with no more selling.
Interesting.
It looks as though make prophetic posts.
I guess the tide retreated !
"I've held all this time, I'm here hell or high water"
Seriously, I think it may rebound depending upon the next quarter's results. If it is a dismal report, kiss your investment goodbye. It looks as though there was one seller who became tired of waiting.
Over 80% drop. Why would I be testy. I've got plenty already.
I'll have to let someone else do the buying.
Certes, il est mon cher monsieur le plaisir. No need to get testy. Just buy back 70,000 shares and it will rebound !
Thanks for pointing that out. I never would have noticed.
I think you got your movement....in spades ! (dn)
I'm expecting movement here soon. (up)
Don't ask me why. It's only my gut talking to me and my gut doesn't answer to others.
FRTW - FRANKLIN TOWERS ENTR (OTCBB)
Date Open High Low Last Change Volume % Change
01/11/10 0.0152 0.0152 0.0152 0.0152 +0.0002 3000 +1.33%
Composite Indicator
Trend Spotter TM Buy
Short Term Indicators
7 Day Average Directional Indicator Sell
10 - 8 Day Moving Average Hilo Channel Hold
20 Day Moving Average vs Price Sell
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Hold
Short Term Indicators Average: 20% - Sell
20-Day Average Volume - 53785
Medium Term Indicators
40 Day Commodity Channel Index Hold
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Sell
Medium Term Indicators Average: 25% - Buy
50-Day Average Volume - 76782
Long Term Indicators
60 Day Commodity Channel Index Hold
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 67% - Buy
100-Day Average Volume - 56701
Overall Average: 24% - Buy
Price Support Pivot Point Resistance
0.0152 0.0152 0.0152 0.0152
FRTW - FRANKLIN TOWERS ENTR (OTCBB)
Date Open High Low Last Change Volume % Change
01/11/10 0.0152 0.0152 0.0152 0.0152 +0.0002 3000 +1.33%
Composite Indicator
Trend Spotter TM Buy
Short Term Indicators
7 Day Average Directional Indicator Sell
10 - 8 Day Moving Average Hilo Channel Hold
20 Day Moving Average vs Price Sell
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Hold
Short Term Indicators Average: 20% - Sell
20-Day Average Volume - 53785
Medium Term Indicators
40 Day Commodity Channel Index Hold
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Sell
Medium Term Indicators Average: 25% - Buy
50-Day Average Volume - 76782
Long Term Indicators
60 Day Commodity Channel Index Hold
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 67% - Buy
100-Day Average Volume - 56701
Overall Average: 24% - Buy
Price Support Pivot Point Resistance
0.0152 0.0152 0.0152 0.0152
Yeah same here, ridin down the road this afternoon and watched it hit those numbers. I couldn't stand it, had to place an order. I actually was surprised it filled, but hey, I'll take it!!!! Easy money at these prices, IMO!
Way to go man. I don't blame you. I would have tried myself but wasn't even paying attention.
Someone loaded the boat at .01 also.
Dissapointed they didn't load it higher but hey, I've held all this time, I'm here hell or high water.
I did, and I am honored......
Great timing there and I do not know if you noticed but I employed you in two of your favs here now as an assistant. lol
Drafted.
Had to take advantage of those .007's, picked up 20k more, they doubled at close, crazy!
I noticed the volume way up here today for sure.
FRTW - FRANKLIN TOWERS ENTR (OTCBB)
Date Open High Low Last Change Volume % Change
01/05/10 0.0152 0.0152 0.0152 0.0152 unch 5000 unch%
Composite Indicator
Trend Spotter TM Buy
Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Sell
20 Day Moving Average vs Price Sell
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Hold
Short Term Indicators Average: - Hold
20-Day Average Volume - 40035
Medium Term Indicators
40 Day Commodity Channel Index Hold
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Sell
Medium Term Indicators Average: 25% - Buy
50-Day Average Volume - 66138
Long Term Indicators
60 Day Commodity Channel Index Hold
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 67% - Buy
100-Day Average Volume - 55561
Overall Average: 32% - Buy
Price Support Pivot Point Resistance
0.0152 0.0152 0.0152 0.0152
Followers
|
13
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
386
|
Created
|
10/24/07
|
Type
|
Free
|
Moderators |
OTC.BB SEC Filings www.sec.gov/cgi-bin/browse-edgar
Franklin Towers Enterprises, Inc. (Stock Exchange: OTCBB, Ticker Symbol: FRTW), through its wholly owned subsidiary( Chongqing Qiluo Textile Co.), Qiluo located in Chongqing China, provides both raw silk material and finished silk products for the foreign and domestic markets. It has obtained the approval of the Chinese government to both centralize and modernize the silk industry and the modernization of the key processing plants has been completed.
Transfer Agent
Kara Kennedy
Island Stock Transfer
Phone: 727-289-0010
Fax: 727-289-0069
kara@islandstocktransfer.com
Authorized Shares
1,250,000,000 shares
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |