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Technology Stocks : Fonix:Voice Recognition Product (FONX)

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To: ed doell who wrote (1860)4/25/1998 10:00:00 AM
From: Mark Cox  Read Replies (2) of 3347
 
Randy, thanks for your support. Ed, very nice to see you here again. Now that the Yahoo board seems to be the Fonx HQ and the MF board has quietened almost to a complete halt confirmed magnificently by the sole presence of JHS.

I believed management about the tax situation which forced them to award themselves large cash payments so that they could pay the IRS, since they were assessed on warrants as income.

Also, and it could be wishful thinking, I think large salary awards in a company which is clearly as persistant and well connected as fonix, is a mark of confidence as well as a warning flag. I have spoken often to these people and have a real sense of mission and enthusiasm from them which can only come from having gone and seen the situation for myself.

I sold a whole bunch of my own position to grab some of Pfizer's viagra layup gains, but will plough those substantial profits back into fonix as and when while remaining increasingly aware of opportunity costs of being out of the stock when there is a run up and of missing run ups in other names.

Parx
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