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Re: imanjen13 post# 28408

Wednesday, 01/07/2009 4:45:40 PM

Wednesday, January 07, 2009 4:45:40 PM

Post# of 42614
Five percent of 2.38 Billion total shares outstanding is works out to be approximately 119 million shares. I own just slightly less than this and do expect to buy an addition 200 million shares in increments putting my ownership of Franklin at well over 10% of all outstanding shares. A Half a billion shares would represent significantlty over 20% ownership. It's not math; it's just basic arithmetic. Now, let's say if I could waive a magic wand and make all 2.38 Billion shares available for purchase at the current price of .0001. That's not much over $200 K and I am liquid enough to buy 100% of shares with ease. But, I will happily settle for owning 20-30% of this company because I think it will up to 2-3 cents in per share in the next year. I need the By-Laws because I need to determine a number of issues including if the company uses cumulative share voting for directors. I also need to clarify the voting parameters of the 10,000 shares of preferred stock. This doesn't have crap to do with PPS. It only helps me in planning my next move.

In short Bubba, I need to figure out just how much of this stock I need to buy to become a director at the next anual shareholders meeting. What I don't need to hear is the mathmatically challanged rantings of some whinning piker whose probably nursing a few million shares or less - do you get me stud?

So, get your facts in order the next time less you make a public fool of yourself again. Think, then speak.

J