If you want a relatively easy to build, inexpensive frame that exposes a lot of edge, try using metal drywall corner bead.
Exactly what I'm doing!!!

Lightweight, stiff, perfect corners, L angle, $1.50 for 10'..what more can you ask for

TWO X FOUR...are you out of your mind

Damn,, thats gonna be one heavy frame...
what happened to..
yea I'm going frameless. One less thign to worry about and less weight on the walls.
And you chose TWO X FOUR's???

...doggone. I hope they're balsa wood
where should my frames be hanging on the side wall in height relation and to the speaker and distance relation from the wall??
Good question. Position speakers in an equalateral triangle, approx 30 degree angle from the engineering position axis. That will form a 60 degree angle along the speakers firing axis. For sidewall location of treatment, sit in the engineering position, and have someone move a small mirror around on each sidewall. If you can see the monitors in the mirror, thats where the treatment should cover, which may or may not be larger than one panel. It depends on your width of the room. However, speaker distance from the FRONT wall is VERY important. Because of ports(if ported), and because of this...(to quote from Thomas Barefoot, Acoustics forum moderator at the link below)
Freestanding speakers have -6dB shelf filter in their high frequency response. This compensates for an effect know as "baffle step" or "diffraction loss". At wavelengths longer than the width of the speaker cabinet , half of the acoustic energy wraps around the front baffle and radiates towards the back. The high frequencies with shorter wavelengths are forced to radiate in the forward hemisphere only. The -6dB shelf filter gives a flat anechoic on-axis response, but the total acoustic power emitted into the room is +6 dB heavy in the bass. Now, when you flush mount a freestanding speaker, all the frequencies are forced into the forward hemisphere. So, the on-axis response exhibits a +6 dB step in the bass in accordance with the power response imbalance.
You need to read the whole post though, as there is a
"wall bounce calculator" that you can download to help with this determination. Hope this helps answer your question. Oh, one other thing. Once you dig this deep, be prepared for more construction...of SOFFITS
http://www.johnlsayers.com/phpBB2/viewtopic.php?t=766