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Technology Stocks : Osicom(FIBR)
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To: Mama Bear who wrote (4536)1/23/1998 6:45:00 AM
From: craig crawford  Read Replies (2) of 10479
 
Don't you think it's strange that insiders did this "private" little transaction for themselves right before the positive news releases that propelled the stock forward? Right when the stock was near it's bottom?

Stranger still that they did it on the last day of the quarter. I'm wondering if FIBR's cash position without the Reg D would be somewhere closer to $2.4 million instead of $3.4 million? I notice that FIBR only showed $1.263 million of unrestricted cash on the books on Oct 31st 1997. If you take into account the $1.0428 million that went to FIBR after the private placement by senior management and "shareholders" doesn't it appear that FIBR only had around $220,000 in unrestricted cash?

Do you think management funneled money into the company through the Reg D on the last day of the quarter to make FIBR's cash position look not as pathetic? Or do you think they funneled money into the company so they would have some dough to do the share buybacks?

Do you think that maybe management couldn't find anymore suckers to do more debt issuances or private placements so they had to do it themselves?

What do I know, I'm just guessing, I don't do the kind of hard research that you bulls do...

These are just things I have come across in the most recent 10Q. Who knows what other shenanigans I may find this company is up to in other filings.
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