SCHEDULE 13G/A: Globis Capital Entities and Paul Packer Report 6.2% Passive Stake in Franklin Wireless Corp.

Paul Packer and affiliated Globis Capital entities have filed an amended Schedule 13G, disclosing a continued passive beneficial ownership of 6.2% in Franklin Wireless Corp.'s common stock.

Summary

• Paul Packer, along with Globis Capital Partners, L.P., Globis Capital Advisors, LLC, Globis Capital Management, LP, and Globis Capital, L.L.C., collectively reported beneficial ownership of 727,794 shares of Franklin Wireless Corp. common stock.
• This aggregate amount represents 6.2% of the outstanding class of Franklin Wireless Corp. common stock.
• All reporting persons share both voting and dispositive power over the 727,794 shares.
• The filing is an Amendment No. 13 to a Schedule 13G, indicating an update to a previously reported passive investment.
• The reporting persons certify that the securities were not acquired and are not held for the purpose or effect of changing or influencing the control of Franklin Wireless Corp.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of a significant passive ownership stake by an investment group in a publicly traded company, common in the financial industry for transparency regarding large equity holdings.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant passive ownership stake held by Paul Packer and Globis Capital entities, confirming their continued interest in the company's common stock.

Key Dates

Keywords

Franklin Wireless Corp., Globis Capital Partners, Paul Packer, Beneficial Ownership, Schedule 13G, SEC Filing, Common Stock, Passive Investment, Equity Stake