Franklin Mining, Inc. (FMNJ)

[looneystocks]

That is an interesting post...

I have a question... if their par value is .001 and the market value is .0001 or less....

Then how do they work the accounting on the new issuances, do they mark it as a loss of .0009 per share?

At what rate do they pay for services? At .00005?

Something else does not make sense... who are all these people trying to find who will take their stock certs? Here and on the yahoo board?

How many shares do they have?

And at what price did they buy at?

I heard that alot of shares were sold at huge discounts, I know this because the brokerage house, where my broker is at has been called by several different people trying to see if they would accept shares...

He pretty much told me that anyone who does not have their shares in the DTC system right now....is pretty much screwed on trying to get a brokerage house to accept these...

FINRA changed the regulations and made it cost prohibitive to trade stocks in the sub penny range...

So any of you guys who want to sell your hard certs.... I may consider buying at the .000005 range or less....what that i hear...that is too much of a loss to bear... welcome to my world...

Anyway... this is the nature of this beast...

What is the float?

How many shares are ready to get in the float? ....If they can find a broker to accept their shares?

Your right some office furniture that is being depreciated down to nothing...no other assets no value to the contracts that they hold.... Where did all the money go....maybe the next financials will have this included including the shares for selling off the assets of Franklin Oil & Gas....did they even have assets?

I am also curoius how did they get all these shares authorized...
I have never seen nothing come in the mail in the form of proxies... who holds 51% of the company or what group holds it?


It is weird....almost to the point of loonie