<<You are invested in this stock because management are good people who are confused? Not to be venomous long, but something seems snaky
about you and your logic here. I believe Osicoms policy is to report news that is news worthy. I haven't noticed any "one news release per month policy". You seem to be trying to organize a campaign to harass the management. Why?>>
"Seems".... "believe".... And this "seems" and "believe" are your only
excuse to jump without any thinking on the internet and post a nonsense? "Belief" is an emotional condition. As such, it is an irrational state of mind,
and it has no place in investing. Stemmed from a belief, your opinions are, therefore, meaningless to say the less.
Can you try to THINK a minute now?
There is no question that the stock is badly undervalued. You know why? Look at today's news and look at the volume. Does it tell you anything? But do you realize to where, say, a resignation of Mr. Chadha
would send the stock? What does your "logic" suggest in this regard? Isn't this because, the Street, unlike the bunch of irresponsible kids
playing their silly camel games in "Osiland" ("relax.. it is Osicom"),
does not have faith in the Osicom management?
Why then I invested? ( 22,370 sh; two friends of mine -
46,000 sh)
Because I knew that the Osicom management are very able and highly intelligent people of good faith who more than anybody else want see their company to prosper. I knew as well, among some other things, that their IR was very bad, but I had no doubt that in comparison to what they already achieved, the correction of this IR
would be a simple task. And I knew that I could be of some help in this.
I was right.
The recent drop of the stock to 3s was a fault of company. They separated unseparatable things: the company and its stock, the investors interests and the company interests. I was told about this
by the one whom I call "my contact", and my following conversations
with Annete and IR confirmed it. They abandoned their investors, leaving them on mercy of vultures. A lot of things was going in the company. They easily could prepare and release "news worthy" report,
but they just did not care. They were concerned only and only with
company interests. The stock, the plight of investors wasn't their worry. In effect, investors were betrayed. Many of them lost a lot.
And lost faith in the company too, which means the company and all the other investors - all were affected. It is things of this sort that
nourish the feelings of the Street and keep the stock where it is now.
What happened then, friends of mine (unsuccessfully) and I myself
attempted to communicate with the company and its IR (post 12030 at
Yahoo). It was unbelievably bad experience. My first call has just
been ignored. On about 2/13, when I attempted to convey to Constantine
the investors plight, he rudely cut me short stating that it is their
problem. I mentioned that many would lose a lot on margin calls, and again rudely and forcefully he told me, "Don't buy on margin!!"
No company official ever treated me like that, and this is IR!
Eventually, I posted several appeals to call the company. And, I understand, many did; among them was Bamm, Tdonenyc, Mcameraman.
First calls were frustrating, just answering machines. But then the management drastically changed their attitude to investors, promised to expedite press release, and they did. Just a few additional days of procrastination, and all margin positions would be wiped.
So, the progress in IR is already apparent, and the investors already benefited from this, but it is still far, far
from perfection. The mentality of people who do not understand the
importance of the normal and healthy IR for the company as well is incomprehensible to me. Read carefully the post 6305. |
