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Technology Stocks : Flat Panel Displays - alternatives to AMLCDs

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To: Paul Dieterich who wrote (262)6/2/1997 8:52:00 AM
From: Joe Master   of 473
 
They have been in business for 14 years and have never had a single sale. They promised sales QA1 97 but they haven't materialized. They have hyped their stock to say they will someday replace the CRT, but they do not have a product. They call the Majicom 2000 a product (monochrome display), but the total installed base worlwide is 0. They haven't tried the OEM route (IMO because no one is interested) so they introduce a product themselves. Does this sound like a formula for success? They issue stock warrants to insiders when they let the price fall, then they pump up the price with bunches of Press Releases and sell them into the market to finance the company. (Sort of like a secondary ofering for each bunch of releases). IMO this is a good company to make some money on, but you have to go short to be successful, (unless you are an insider).

Joe
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