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Technology Stocks : ocom breakthrough technology

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To: mod who wrote (548)7/21/1998 4:51:00 AM
From: Q.  Read Replies (2) of 994
 
re. <<It does makes you wonder, why are they covering OCOM? What is in it for them?>>

Good question. Considering that StockGenie seems to be basically an advertisement, then why are they giving their advertisement away for free?

And why does the company react so swiftly, the same day the StockGenie article has its effect, in putting out a news release that basically touts the stock?

The company has a critical reason to keep its stock price up. It is bleeding cash, and it will continue to bleed cash whether or not they are able to ramp a new product. So, the co. must raise cash by selling equity. The lower the market cap, the less cash they can raise.
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