Franklin Mining, Inc. (FMNJ)

[sortagreen]

Dude, 1 billions shares at .0001 is only 100000 dollars!

Not sure how that's relevant. Is it a response to something I said.


Between late 2005 and mid 2006 FMNJ issued a billion shares of stock ballooning from an OS of 800,000 to 1.8 billion. I assume they sold those into that spike you're talking about. Keep in mind they aren't required to report, so no one knew that they were diluting the stock while hyping... Mayamaya I think it was at the time... I believ they sold a billion shares into that spike, which is where my "hundreds of million of dollars" comment originates.

Since that time they've managed to issue and float another 600 million shares and sold them into a 4 cent spike so throw in another $20 million. So even supposing the 15 cents was legit instead of just hype... and that's a stretch, there's 3 times as much paper out there and a looming RS to be followed by more dilution.

You can forget it Diggles. You have a better chance of seeing God than seeing this thing go to a dime.

But I could be wrong. Why don't you answer my question on how much profit that would take? You're the one with the "business 101" background, so you should remember some sort of lesson regarding profit being important to a going concern. So how much do you think we're going to see?