Exhibit 99.6
Sherman Capital Group LLC
3820 W. Happy Valley Road, Suite 141-601
Glendale, AZ 85310
Singer Children’s Management Trust
212 Vaccaro Drive
Cresskill, New Jersey 07626
David S. Oros
621 E. Pratt Street
Baltimore, Maryland, 21202
Milfam NG LLC
Lloyd I. Miller - Trust C
222 Lakeview Avenue, Suite 160-365
West Palm Beach, Florida 33401
March 2, 2012
VIA FACSIMILE AND FEDERAL EXPRESS
Board of Directors
Franklin Wireless Corp.
6205 Lusk Blvd.
San Diego, CA 92121
Attention: Mr. Gary Nelson, Chairman of the Board of Directors (the “Board”)
FOR IMMEDIATE DISTRIBUTION TO THE BOARD OF DIRECTORS
As you are aware, the undersigned group (the “Investor Group”) collectively owns approximately 12.95% of the common stock of Franklin Wireless Corp. (the “Company”). On August 4, 2011, certain members of the Investor Group sent a letter (the “August 4 Letter”) to the Board expressing their extreme dissatisfaction with the performance of the Company’s stock, the Company’s failure to adequately disclose information to its shareholders, and poor corporate governance. On November 16, 2011, the Investor Group sent another letter (the “November 16 Letter”) to the Board noting the Company’s continued poor performance, disenfranchisement of shareholders and failure to manage the Company so as to maximize value.
On December 14, 2011, members of the Investor Group filed a complaint (the “Complaint”) in Superior Court of the State of California for the County of San Diego alleging, among other things, breaches of fiduciary duty by the Board and Company management arising from, among other things, the matters described in the August 4 Letter and the November 16 Letter.
Following the filing of the Complaint, members of the Investor Group and the Board have engaged in communications relating to the consensual appointment to the Board of a designee proposed by the Investor Group. To date, however, those communications have not led to the appointment of such a designee director. As a result, the Investor Group continues to assess its options, including, but not limited to, proposing an alternate slate of directors at the Company’s next annual meeting of shareholders.
| cc: | Mr. Gary Nelson |
Mr. OC Kim
| Very truly yours, | ||
| SHERMAN CAPITAL GROUP LLC | ||
| By: | /s/ Steven Sherman | |
| Name: | Steven Sherman | |
| SINGER CHILDREN’S MANAGEMENT TRUST | ||
| By: | /s/ Karen Singer | |
| Name: | Karen Singer | |
| By: | /s/ David S. Oros | |
| David S. Oros | ||
MILFAM NG LLC | ||
| By: | /s/ Lloyd I. Miller III | |
| Name: | Lloyd I. Miller III | |
LLOYD I. MILLER - TRUST C | ||
| By: | /s/ Lloyd I. Miller, III | |
| Name: | Lloyd I. Miller III | |
