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Technology Stocks : DIGL... Digital Lightwave.... Making Waves....
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To: Mahesh who wrote (300)1/23/1998 10:36:00 PM
From: ahhaha  Read Replies (1) of 934
 
Revenue that they counted but hadn't yet received or revenue that they have received but don't want recognized for, say, tax purposes. At this point we can't say what they mean, because we can't trust them. e.g. it may mean dough they wired to the Cayman Islands in case they couldn't hide the deception. If the product was selling, they could then repatriate the funds. If they got caught, there's always joining up with Robert Vesco once they jumped bail!

The acts allegedly committed are criminal, so the officers are culpable. In this case there is no justifiable suit against the corporation as a legal individual. That doesn't mean the company won't be sued. The shareholders are the only ones justified in suing appropriate officers. The company has not perpitrated any illegal act against someone outside the company. That is, as far as we know. But if that's true, there shouldn't be much legal trouble.

I'll tell you what I'm going to do with my 100 shares. Hold. There's no reason to sell, the position is almost worthless. So I will never sell because there's nothing to lose. If you have a much larger position, you have a tougher problem. There's long term capital loss status that could be quite irritating. There's the possibility of bankruptcy because the business world gets tough about this sort of conduct even if the retribution exacted is not justified. In the best of all worlds for them the history of this sort of thing has been that you won't see 8 for at least 1 1/2 years. That's the best I can do. If I knew they would survive, I'd hold. It may be 1 1/2 years before you want to look at investing in any stock except for maybe the golds, anyway! After a nasty bash like this, it is wise to stay away from the stock market. You have to heal.
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