Zitel - Inept management or deliberate fraud? Message Board

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Technology Stocks : Zitel - Inept management or deliberate fraud?

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To: Ed Zhao who wrote (20)	5/29/1997 5:34:00 PM
From: Bill Wexler	of 67

What's even funnier about his figures... ...is he claims that's the return on ONE code "factory" (I'm still in the dark on what the hell a code "factory" is...but it sure sounds good to the suckers). What he was implying basically is that all Matridigm needed to do was fire up another code factory and another $27 billion would magically roll in. Figure they get enough factories going, and soon Matridigm will have all the money in the world!! Dave Stewart is a great con artist. He also understands the first rule of stock market frauds and cons, i.e. if you're going to tell a lie, make sure it's a BIG one!

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