Franklin Mining, Inc. (FMNJ)

[imanjen13]

Just reread the memo again and I find a lack of sophistication that is troubling. The reference to a unknown company that had a trillion shares outstanding and a float of 203 million is completely nonsensical. I don't think Petty understands the term float. The statement that his study reveals that the total number of trades influences the price is likewise amazing as it is naive and inaccurate. The question that is most important is what the heck is the company doing to get the 1000 tons of rock that has been blasted from the mine off the ground and into a processor wherever that may be. We need less memos and more action.