OSFT - Objectsoft Message Board

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Technology Stocks : OSFT - Objectsoft

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To: Wizard who wrote (8)	4/13/1998 7:15:00 PM
From: Carl Wysocki	Read Replies (1) of 694

Wizard, I became so disenchanted with this stock that I recently sold. I just got too impatient waiting for additional revenue to come in. My big concern is the financing they need to do to place additional terminals. Based on the light volume on this stock, I know they'll have to issue stock at a discount. I'm not sure the execs are wise in the way of the Street (which they've admitted), which leaves them (us actually) at the mercy of the greedy underwriters. Their business proposition sounds attractive, which is why I bought in the first place. It just seems that it's taking too long to roll out, although there has been some activity lately. I'm not too keen on their underwriters either. It seems like every stock they've recommended, except 1, has tanked (I think they've only done one IPO), with UMSI being the notorious failure. I need a 50 bagger to break even. With the benefit of hindsight, I coulda made lots of money shorting everyone of their recommendations. Good luck. I'll probably be watching in the background until the new financing is complete. Who knows, maybe I bailed at the wrong time. Carl

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