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Microcap & Penny Stocks : International Automated Systems
IAUS 0.04000.0%Jul 8 5:00 PM EST

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To: Bob Walters who wrote (1158)12/22/1997 1:02:00 PM
From: Lyle Abramowitz   of 7618
 
Bob,

You are probably correct about manipulation of IAUS stock price. It also may be related to MM inventories being reduced to take advantage of tax losses.

Let me reiterate a few things: 1) I have no financial interest in IAUS whatsoever. My interest is purely technical/professional and somewhat sociological. 2) DWM will not work as advertised. Ever. The latest "explanation" given on the IAUS web site confirms that. The technical "arguments" they are spouting are absolute nonsense--for example the notion that reconstructed analog waveforms have a "nearly infinite" measure of information. It appears to me that they are trying to position themselves for a lawsuit concerning their earlier very public claims of high data transfer rates. I believe they will try to argue that when those claims were made they were referring to this other (patently incorrect) measure of information rate that they've concocted. I have showed the IAUS material to several of my colleagues and they all agree with my assessment.

My advice would be to cut losses and not look back.
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