David,
After reading the link that you have provided I am beginning to see one possible explanation of Osicom's situation regarding NMS listing.
We have often heard that these Fiero Bros. Inc. and others working with them have been shorting and otherwise manipulating FIBR stock way before the Barons article about Osicom was published. May be Osicom complained to NASD or to SEC or to both about these activities and substantiated their complains with some proof. As a result, may be, NASD or SEC started an investigation (sting operation) to catch these guys. Osicom may have been asked to work with the authorities to make this operation successful. If this assumption is correct, then giving Osicom the NMS listing would have changed the condition for these bad guys to operate in, and would have made it more difficult for continue their "normal activities" under this possible investigation.
And may be that could be the reason that NMS listing was not granted until the conclusion of such an investigation. And that may explain why no decision was announced one way or the other by either the company or by NASD regarding NMS listing. It would seem that such an investigation, if there was one, may have been concluded recently or will be, shortly. In that case we should soon hear about it as well as about the NMS listing for Osicom.
Clearly this seems like a far fetched scenario, and may be it is. But, on the other hand, you never know.
Thanks for the link.
Afaq Sarwar |
