Who Cares, I appreciate your analysis and your advice. Regarding Hammouth, who knows? All I know is he filed an SEC form stating his intention to own as many shares as possible of VNWC. He also sued the company to prevent it from issuing more shares. All of this happened before BankOne/MoneyLine Teletrate assumed 55 percent of the company and control of the board.
Were Hammouth's group controlling the board and the purse strings I would be concerned. According to one VNWC shareholder-poster, Hammouth made such a bid but it was rejected. Indeed, once he began buying, and he paid top dollar for his shares, by the way, I did some research and noted his controversial past.
When the tech days were glorious, I used to buy open market IPO positions which I'd usually sell within hours and then buy back in in the days prior to Quiet Period expiration. When QP ended and the analysts all chimed in with buy recs, then I'd sell again. Sometimes if I liked one of the IPOs I'd hold onto some, not all, of the shares to see what'd come down the pike.
But those days, for me, are gone I'm not trading in an out of stocks. I'm simply holding a videoconferencing/video security stock and a nanotech-related stock both of which I view as speculative prospects. And I'm also holding a sleeper I've been hanging onto since '97. That's it--it's all very simple.
Regarding your comment: >>>There's 1000's of companies out there that have some product that seems great, or is tied to other companies etc. that never make dime one and exist just to make a few Wall Street crims money. Odds are VNCW is one of them.<<<
Well, my opinion is I think VNWC has some great ease-of-use technology which fit well on two fronts of societal need. The product(s) took 60 million to develop but got bogged down when they're forced introduction came at a time of bad economy and with the difficulties inherent to corporations becoming familiar with videoconferencing. Regardless of the bad market, 9/11 aftermath effects has since opened some doors for the company. VNWC may or may not do well. But I'm at least comforted in the knowledge that I tried to find a good one and I'm well aware that not every shortstop becomes a major leaguer.
Regarding the stock my girlfriend got hammered on? It was CNLG and this happened back when fiber optics were just getting red hot, and when that company issued news that it was moving in that direction. I held the stock personally for about a month; but she was still holding when then-Truthseeker, et. al., came on like gangbusters. Defending her, I had several back and forth exchanges with the shape-shifting name-changer Truthseeker who since became CraigGoon.com and today is NoBusinessWire.com.
Again, thanks for your analysis on Hammouth. Regarding Afrayem? Whether a short squeeze is elicited doesn't really much matter to me since I'm speculatively long on VNWC. Should a double come my way either by squeeze or sustainable growth, well I'll be happy to remove half my money and ride the rest. But what I'd truly prefer is another hot IPO market. For me, that's where the fun's at. |
