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Technology Stocks : Vertel (VRTL) 10xbagger in the making

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To: Adam Smith who wrote (149)1/6/1999 5:01:00 PM
From: Dennis J.  Read Replies (1) of 465
 
Greetings Adam, and happy new year. May 1999 be the turning point for VRTL.

I haven't looked much at VRTL since last fall, and now I notice a few things on the horizon.

Last fall, qualifying insiders bought 3 million shares at 1.50, supposedly to fund an acquisition.

quicken.com

Now comes the SEC Form S3 filing, and the same 3 million shares are being readied for sale, via public or private transactions.

quicken.elogic.com

Is there a deal in the works, or a major new partner/shareholder in the wings? Seems like the price would be north of $3.

Also, the very positive announcement by the HP/Vertel Open View partnership.

quicken.com

Perhaps, Adam, you could offer a few thoughts as we move towards the TMN Conference on Feb 24-26. Is this a time to buy more shares, or get ready to sell existing positions and move on?

Thanks,
Dennis
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