Tuesday, January 06, 2009 11:15:33 PM
You've hit the nail on the head. I agree in full with your outlook for Franklin's future. They will pull themselves from the muck. I have confidence in the people running Franklin. They know their business. However, the communication side is wholley screwed up. For example, when I call the crporate office in Texas, not only is there no receptionist to answer the phone but, an odd recording that that doesn't even mention the company's name - it just asks that you leave a message. When you call the so called "investor relations" firm you get the same thing: Brief messege and beep tone. When I call the registered agent, I get directed to a voice message box but nobady ever returns my call. I own just under 5% of all shares issued for this company but I can't even get a return phone call let alone a copy of the Corporate By-Laws.
I have shared the investment opportunity with my friends, but when they call the company to do their research, they get spoked by the rag tag way the company handles the communication issues I've mentioned above. I wonder how many other would be investors also decide not to buy stock because of this.
In have an idea. I'm sure their are other stock holders posting here with large share interests. Maybe we can get together with our proxies and get one of us elected to the board of directors to address some of these communication issues? This of course, if anyone at Franklin will call me back regarding when the next shareholders meeting is.
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