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Microcap & Penny Stocks : Universal Medical Sytems (UMSI)

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To: HRAKA who wrote (480)12/11/1997 7:13:00 PM
From: Wally  Read Replies (1) of 1672
 
Hraka (and to the drowning rats)
You and I seem alone here in suggesting the POSSIBILITY of a positive future for UMSI. Perhaps we've had our money stolen, but maybe the STOCK is now a steal.
The company may be run by crooks, or fools. However, even great management couldn't mitigate damage done by horrific & unsubstantiated rumors - coupled with massive shorting by those same libelous party(s). This stock just might be the victim of fraud rather then the perpitrator of same.
Wherever the truth lay, year-end tax losses have certainly helped dig UMSI into a deeper hole.
The answer to UMSI's future will be, in part, the financials - not so much by the numbers they'll show, but by whether or not the company actually posts them this time. The $5 Mil loan showed promise.. But now.. Positive, Negative or In-between - the company MUST show ANY financials if its ship is actually meant to float (rats & all).
regards,
Wally
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