Formulab Neuronetics Corp.(FNCLY)-Anyone following this CO Message Board

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Technology Stocks : Formulab Neuronetics Corp.(FNCLY)-Anyone following this CO

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To: Angelo Ferraro who wrote (142)	2/18/1998 2:56:00 AM
From: Darren	Read Replies (1) of 210

Hello from Down Under. I have been following formulab for the past 2 years. I bought some shares on the Australian exchange at 60 cents (equivalent to a $12.24 ADR on the Nasdaq) which was dramatically down from its high of $1.52 (equivalent to a $31 ADR on the Nasdaq). Formulab is now sitting at around 8 cents on this exchange so I am definitely in long. The other day I bought some more shares and I am still hopeful that they are not a bunch of bull shitting pricks. The history of this stock is as follows: December 1996 the big show in New York formulab claims to have a computer 180 times faster than a Pentium 166. The goal of this show was to get some interest in there attempted listing on the Nasdaq main board. Needless to say they got some bad press and so there listing on the Nasdaq fell through and the share price fell just as fast. A few months later they transferred 300 existing Australian share holders from the asx to the Nasdaq small cap market. The share price recovered to only fall again. A year and a dozen announcements later the stock was performing reasonably well until the FSS, Shaw Stockbroking and short selling destroyed any hope of recovery. Two months ago I was fed up and just about to sell all of my shares when I had a conversation with our computer technician from Perth who has a computer sciences degree from the University of Western Australia . I asked him if he had ever heard of a company called Formulab. I was just expecting him to say "who's Formulab" when he perked up and told me he actually had a friend who worked for Formulab who had invited him to come and look at this so called fast computer in December of 1996. He went to Formulab's office in Perth and they showed him a room full of these pentagon shaped neuro-computers. They also gave him a graphics demonstration that was at least 10 times faster than anything he had ever seen. I can only think of two reasons why they have not released this parallel processing neuro-super computer. One, is it's a big lie (Bre-x). Two, some big company like Intell who wants to milk the computer consumers with the Pentium 300,400,600,700,800 etc. chips before the release of a parallel processing machine has manipulated this stock. One way we will be rich and the other will lose our money. I bought this stock in anticipation of the release of this super computer not for mind wizard or some new answering machines. I will give it a few more months and then reassess my holdings.

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