Replies to post #39409 on Franklin Mining, Inc. (FMNJ)

[imanjen13]

I agree. But the real fraudulent activity is the selling of shares out of treasury without getting shareholder approval. Once a stock goes public, if it wants to sell addional shares from the outstnading, they have to do a second or a secdondary offering. They must issue a prospectus and offer the shares, usually through a underwriter at a set price. When it is announced, almost invariabley the stock price will fall near the new offer to prevent people from selling short ans then covering at the new offered share's price. With Frankie, we the shareholders have been secretly diluted without having a say.