FrankSpeech Network Inc (INCTD)

[gattes12]

itrade4profit2 I can tell you right now that this R/S will definitely not move them to a higher exchange. Regardless of the price the company has to have a minimum operating history to even think about entering another exchange.

This was one of my early posts

Posted by: gattes12
In reply to: None Date:4/11/2007 4:55:30 PM
Post #of 256284

typically in the otc world (especially the subpennies) the r/s when annouced comes as a complete surprise to shareholders and is often attached to a fluff PR with the disclaimer at the bottom. People get burned by this time and time again. However, I'm not predicting one here. Just stating a cocern

and worse yet

Posted by: gattes12
In reply to: william2112 who wrote msg# 241990 Date:4/7/2007 11:15:15 AM
Post #of 256285

Something to add:

Dilution is what has kept this company out of debt with the amount of shares sold to the open market. Typically OTC stock will use up that ability and R/S thus starting the process all over again. Usually this R/S is accompanied by news of a 'new direction' or to 'make the stock price more attractive'. Such is the case all around the otc world is one of the main reasons why most can never convert to an official exchange. That and questionable accounting practices. This company knew full well what they were doing when the started to dilute and have comitted in the 10K to do it some more.

We are there now. "New direction". The sad part is that He put out a PR calling it a 'positive outlook' for shareholders knowing that he is going to dilute this thing again.