I just received this this afternoon. For those of you who are not familiar with the InvestorNet Emails, it is a communication method that Angoss uses to keep their known shareholders, and interested parties abreast of the industry and notable articles etc. to help them better understand their company etc.
I find this particular Email both timely and much appreciated. When I opened it I found it refreshing that this company took a proactive approach to ensuring that their views are presented accurately.
Here is the text of the Email . . .
Crazy Canuk
____________
July 19, 1999
A number of shareholders have contacted us in recent days about the current
trading price for ANGOSS shares.
Our views are as follows:
* Certain shareholders who acquired ANGOSS shares in the early 1990s (in
connection with a completely unrelated business focus and investment
decision at average prices in excess of $1.00) have contacted ANGOSS
expressing dissatisfaction with the Company's performance. Management has,
based on a reversal in our revenue trends and three consecutive quarters of
profitable operations, encouraged these shareholders to liquidate their
investments if they are still dissatisfied with the company's performance.
This may account for either or both volume and pricing changes.
* Other factors may include recent "top of spike" purchasers (day traders /
short term investors) who acquired ANGOSS shares at the high end of its 52
week high (without a detailed understanding of ANGOSS or our products) in Q2
($0.25 - $0.31) and who have been liquidating positions. Shareholders may
also wish to view www.techstocks.com, for commentary concerning ANGOSS, .
ANGOSS does not promote or contribute to this site but periodically monitors
content. ANGOSS does not and will not comment on such content, but notes
various investors have speculated about matters affecting the company --
including stock price movements.
* Management of ANGOSS does not obsess about short term price fluctuations
in our stock price. From a fundamentals perspective, the company's
operating trends have been and remain positive, as evidenced by our most
recent quarterly report.
* Management is pleased that trading volume in ANGOSS shares has improved.
Greater liquidity is a positive -- and for a technology microcap company --
an important development.
* Insiders have been and continue to be net purchasers of ANGOSS shares (for
the past 12 months at prices ranging from $0.07 to $0.20). Insiders are
expected to continue, subject to compliance with securities laws, to
purchase ANGOSS shares.
* ANGOSS does not provide commentary to shareholders or prospective
investors on future stock prices, trends or other matters -- except for
information generally disclosed in accordance with securities laws.
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