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Microcap & Penny Stocks : Syncronys Softcorp (SYCR)
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To: Snowman who wrote (26283)2/14/1998 10:11:00 PM
From: Buy Low Sell Hi  Read Replies (3) of 30240
 
Martin,

Why would anyone consider buying more shares of SYCR now?

In Q497, they deferred 2.5 mill of revenue into the next quarter. In Q198, they reported 2.5 mill (which were sales from the previous quarter). In Q298, they are forced pay back 1.5 million of those sales on returns. They robbed Peter once to pay Paul, and now they are robbing Paul to pay back Peter.

The "brass" at Syncronys are used to living a comfortable life at the expense of the shareholders. Their only claim to fame was a worthless piece of software combined with a ploy to deceive the novice computer user (SoftRam). That worked for a while, then they got busted. Next, they tried to do the same thing again with Windrenelin.

Unless they have a legitimate new product RIGHT NOW which can generate revenues, they will declare bankruptcy to protect their personal assets.

The management at SYCR is corrupt, devoid of any ethics, and only concerned with robbing the individual investor with a litany of hype and propaganda. I would not be surprised that many posters on this thread are shills for the company, and part of their little game as well.

Go ahead an buy more shares on Tuesday at 0.50. Just remember to wipe before you flush.

BLSH
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