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Technology Stocks : Fonix:Voice Recognition Product (FONX)
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To: Randall E Westberg who wrote (2805)8/13/2000 4:32:30 PM
From: cdtejuan  Read Replies (1) of 3347
 
hi randy,

how could i ever forget my devastating investment in fonx??? LOL

well i have no position in fonx since a long time. i just looked for fun at the yahoo profile, and i think it says they are already at 164M shares out, when i was long they were at 40M. incredible dilution. from the fundamentals, i really see no sense investing in fonx. i dunno about their death spiral financing, is it over? need a new convertible deal soon? i dunno. i hear their hype since years, but in terms of revenue it´s a joke..56k for Q ending in march.. they still call themselves "development stage". ha

i´m long a dsl company that ipo´d last year that has a mrket cap under fonx (=150M), but signed deals for 150M (!!!) this year. same time you see companies like nuan trading higher (market cap) with 15M /Q than lhsp with 155M/q.

funny stuff.

anyway, actually i think fonx is a pure pump and dump play. i thought about buying some few shares at 75cents short time ago, thinking of the scenario that is happening right now. however, the collapse will follow, if at $1.5 or 2. fonx is just alive for trading, making some mm´s getting rich.. imo..
;-)

anyway, good luck with this ole pony show!
have a good weekend.

juan
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