Franklin Wireless Corporation (FKWL)

[littlefish]

Mike, I'm trying to get a better grasp on the share repurchase stuff. Haven't been keeping a close eye but know I had previously had some fog on it. Now that I look it isn't very clear to me still.

Do you know if the 1.8 mill shares were cancelled by year end 2010 already? I thought they were per public PRs and share count in the calendar year end #s.

But when I looked at amendment 2 of the SEC filings (in with the Q report and dated January 28 2011) it sure looked like the companies had amended the 1.8 mill share part as if it had not been completed and was to be completed by end March 2011?

http://www.sec.gov/Archives/edgar/data/722572/000101968711000536/franklin_10q-ex1003.htm

Seems like the company may have put too low of a share count in the last Q report given the above link SEC-filed amendment 2 verbage although it's a bit of a wash as long as the transaction goes thru eventually.

PS- my mistake on the 10% more shares to repurcahse thing earlier, think I was looking at the 1.8 mill block and confused it with the 1.5 mill block. I'll go repost to that earlier post to clarify. Thanx.

All IMO of course.