I know I'm going to be accused of spreading rumors and hype but I think I have some valid questions that have yet to be answered.
Why was this SEXI annoucement made one day before the ADGI annoucement was made? I read somewhere that the SEC, pursuant to Reg. S-K Item 303, apparently holds whether or not the companies have a duty to disclose merger negotiations after balancing between the informational need of investors and the risk that premature disclosure of negotiations might jeopardize completion of the transaction.
Is it reasonable to speculate that SEXI's denial of a buyout as of 5/16, the day before ADGI announced they were in preliminary negotiations with a computer company to further ADGI's
telemedince program, was based upon the risk that premature
disclosure of negotiations would jeopardize completion of the
transaction? Can somebody with expertise in this area answer these questions ?
May 16, 1996
Systems Of Excellence Denies Rumor Of Buyout
CORAL GABLES, Fla., May 16 /PRNewswire/ -- SYSTEMS of Excellence, Inc.
(OTC-BB: SEXI) Chairman and CEO, Charles Huttoe, emphatically denies the
validity of any rumors about a proposed buyout of SYSTEMS of Excellence,
Inc.
SYSTEMS of Excellence manufactures and markets multi-platform desktop
video-teleconferencing products which operate at a full 30 frames per second.
The products deliver television quality video operating over existing analog
telephone lines in both Local Area Network (LAN) and Wide Area Network
(WAN) environments. SEXI products are manufactured within the stringent
ISO-9000 and Bell Core standards (allowing a five-year warranty period) and
have been chosen by the Library of Congress for their superior quality.
/CONTACT: OTC Communications for SEXI, 617-444-6100/ |
