***********SEX, LIES AND VIDEOTAPE*****************
the tactics used by the bashers are common and simple. find people involved with a company and find as much negative stuff on them as possible and then twist the truth to imply that they are unethical.
THE BLOOMBERG ARTICLE
the bloomberg article is full of half-truths and statements taken out of context. for example:
1. the statement that coii did something unethical by giving the mexican consortium a discount on their shares is laughable. the original deal (negotiations started over a year ago) was set up when coii was a fraction of the price it is today. the discount only seems huge because of the huge price appreciation that has occurred.
2. yuri parisky probably did say that the cti machine would not be used as a stand-alone device. after all, they are applying to the fda as an adjunct. what else could he say as they prepare to submit for this purpose. however, the article neglected to say that dr. parisky is one of the chief proponents of coii and feels that it will one day be a respected adjunct to mammography.
the bloomberg story was written by a hack writer with a penchant for these kinds of stories. his history demonstrates that other companies are aware of his tendency to produce slanted, unsubstantiated, yellow journalism.
DAVE JOHNSTON
so dave johnston has a few lawsuits against him. so what? how many lawsuits do you think that bill gates (msft) and larry ellison (orcl) have against them.
in the last couple weeks we have seen that the justice department has declared that msft engaged in numerous illegal activities, oracle has been paying spies to harrass msft, and even the secret service has been paying prostitutes to get secrets from our enemies.
in this light, dave johnston, in 35 years of business has had a few lawsuits against him. so what? that is part of doing business in america. in these suits he has never been found guilty of anything serious. in fact, his problems look pale compared to the problems of bill gates, larry ellison and the majority of successful ceo's.
dave johnston is an overly exuberant person. when someone sees the cup as half full or empty, he sees it as overlfowing. his enthusiasm can obviously get him in trouble as it did by making announcements about chinese sales years ago, because he had letters of intent, but no cash in hand. that is why he hired mr. packer--he wanted someone running the day to day operations of the company who was more likely to under-promise and over-produce. that is mr. johnston's main weakness--unbridled enthusiasm.
WHY ARE THE BASHERS DOING THIS?
there is only one reason--blatant stock price manipulation.
WILL THEY CONTINUE?
yes
CAN THE PRICE DROP?
yes
WHAT SHOULD AN INVESTOR DO?
that depends on your position. see my other post on playing in a manipulated market (after this one) for more information.
WILL COII PREVAIL?
i have no idea. my guess is that they will be accepted on nasdaq once they have reviewed all of the issues pressed by the short sellers.
WILL COII FIGHT BACK?
yes. you can expect a vigorous defense.
HOW LONG WILL IT TAKE FOR COII TO RESPOND?
see my piece about pearl harbor for more information.
YOU NEED TO MAKE YOUR OWN DECISION. BUT MY GUESS IS THAT THE PRICE IN THE 6-8 RANGE IS TOUGH TO TRADE OR SELL. IF IT DROPS BELOW 5 I BEGIN BUYING AND WILL DOLLAR COST AVERAGE IN.
I AM CONFIDENT COII IS RUN BY HONEST, HARD-WORKING INDIVIDUALS THAT ARE BEING UNREASONABLY TARGETED BY VICIOUS SHORT SELLERS FROM THE UNDERWORLD.
good luck to all,
curtis |
