Moscom (MSCM) Strong Buy Message Board

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Technology Stocks : Moscom (MSCM) Strong Buy

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To: Franklin who wrote (45)	2/15/1997 11:30:00 PM
From: Joseph Beltran	of 131

Franklin, One of the news releases dealt with the placement of about 280,000 shares with two funds under regulation D. They received $ 5.75/share PLUS they issued warrants to the buyer entitling them to purchase an additional 81,000 shares at $ 8.75/share. The 280,000 shares are in lock-up for (I believe) 100 days. I called Boxer at MSCM last Friday and asked him to explain how the sale of the 280,000 shares at $ 5.75 was in the "best interests" of the company. He could not respond...I also asked him about the contract which was the subject of a letter of intent which was released to the wires back in December of last year. He told me the contract was still being negotiated... He refused to disclose the name of the RBOC or the $$$ amount of the contract. He conceded that they expected to receive less for the upcoming VOTAN IPO than they would have received last year.. For the record, I still own a few shares in this company. I don't trust the management and I make no bones about it. This company burned alot of people last year. Be careful with this one... Best Regards

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