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Biotech / Medical : Ergobilt (ERGB) - Ergonomic Chairs
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To: Dr. Seuss who wrote (774)3/24/1998 3:05:00 PM
From: Scott D. Hakala  Read Replies (1) of 900
 
Suess, Knock it off.

You've proven to be unethical and to post false messages on this site. I never said the stock was worth $30 and I would not have said so. Don't exaggerate or lie. My target price range last fall (for the next six months) was $15 to $18 based on earnings prospects and sales and gross margins expected at that time for 1998. If the Company is able to cut its legal and other overhead expenses, grow its sales consistent with 1997 and maintain its gross margins, it can still get to $1.00 per share in earnings next year. It is possible, maybe not probable. I also didn't hype the stock to $15 since I didn't even post until after I got mad at all of the false and malicious accusations, the substance of which has never been proven to date. Frankly, you don't know me.

I'm not particularly happy about the Company's inability to communicate some of the accounting issues and not happy about some of the excess overhead and charges taken in the revised third quarter. If explained properly and analyzed objectively, such charges are often taken and have little effect on the future fundamentals of the Company. All that being said, the Company has never been a scam, the Company continued to grow in 1997, and the Company continued to have good gross margins in 1997. The current dip in pricing had more to do with possible stock manipulation, investor sentiment and frustration, and false rumors than fundamentals. I was somewhat too optimistic in the Fall; I'm betting that the market is way too pessimistic and unforgiving now. My overall basis in the stock is still fairly low and I expect to see my returns increase in the next year to two years with this stock.
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