I don't really care what Barry Witz is doing with his shares. Actually, I'd love to see him totally OUT. Par is another matter. Did you notice on the conference call that someone on the board, when asked about replacing Par, said they had seriously looked hard. Of course his conclusion was that, at this time, there is no one better who is also available. My take on this was that someone could come along.
Still, if Par thinks the value is in the stock, he won't be dumping it. I'm waiting for an answer as to how he reduced holdings without reporting, IF he did sell. But don't forget there are many reasons one may need to sell stock. Someone mentioned Sharon having another business that was losing money. Maybe they were trying to keep her business from going under.
Then again, maybe it does have something to do with the expiration of options. Or maybe Par will actually buy the warrants or options for $2 million (or was it 2 million shares?) as he stated very clearly in the conference call that he planned to do. Supposedly he was just waiting for some kind of financing arrangement to be approved.
Here's another thought - maybe First Boston and/or Volpe have suggested to the Board of Osicom that Par be replaced as an investor relations play.
One thing I'm betting on - the displays with Fore Systems and NEC will have far reaching results. There was a reason they teamed with Osicom and it wasn't just to benefit Osicom. They need the GigaMux to further their own cause. This means to me that they will of necessity promote Osicom in order to promote their own products. Those who buy the ATM and Sonet products for the purpose demoed will be likely to complete the system with Osicom products, as displayed.
Yes, I bought more at 2 31/32 on Thursday. |
