Burt
Are you giving up hope? I myself am wondering if I should seek counseling for trying to find something worth holding onto with RSYS. All I have is huge losses and many nights of turmoil over holding this investment, if you could call it that, and a stubbornness not to let those Bastards, whoever they are, get my stock at these prices.
Sometimes I try to make sense out of things that make no sense, but when I talked with Turner I felt I was talking with an intelligent
and knowledgeable person that had considered most of the concepts I was asking him about. Primarily, the issue of stock price stabilization and market liquidity that require much higher daily volume and a much bigger stock float. Funds, which run this market, like to have liquidity because their investments are bigger and less volatility wouldn't hurt either. In a round-about way he agreed that the stock had to have stability at a higher price, say above 55, before a stock split was possible. I am just wondering if one of the only ways to achieve this is to shakeout short-termers, whether they are Funds or individuals to allow this stability to take place? Could there be a PR campaign aimed at doing just that? As I say I could be fabricating hope where there is none--
I am wondering about the RSYS Exec. that sold 4000 shares 2/20 at $28. It has been my impression the insiders must file SEC form 144--intent to sell and then form 4--transactions completed. Microsoft investor has all these insider sells and planned sales for the last year. John D Watkins of RSYS had listed planned sales of 10117 shares with form 144. Form 4 showed sales dates of 5/5/97-2000 shares, 10/30/97--4117 shares and 2/19/98--4000 shares @ $36.12. He had other planned sales, but they were executed in full before Feb. By viewing these planned sales form 144's, it does seem to show that these plans are usually made way in advance of many of the sale dates.
One other note, RSYS short interest dropped in March to 984,367 shares, the first time below a million in the last twelve months, maybe since the ipo. Maybe the funds have also shorted against the box as well as Intel and Tech. However, there are not enough shorts to cover all their shares. Closing date for the March short data is 3/13/98.
I hope there is a Happy ending for all of us that have hung in there with this damn stock. Bill |
