Barbara, please notice that in my list of questions that should be asked I included some which were admittedly not favorable to Osicom. Some I truly do not know the answer to at this time. Others have very favorable answers.
It was your choice to answer them as you saw fit. You have said that this is your "constitutional right". You have chosen to answer them all negatively. Even the ones for which you have absolutely no knowledge and nothing to substantiate your answer.
I have nothing against people who play the market as day traders or shorts who do so because they believe they can outsmart or move faster than the market. That is your "constitutional right".
Lies and fabrications are not constitutionally protected. No, I don't think you'll suffer any legal consequences. Is it possible that the barrage of attacks by all shorts (including Barron's Mr. Alpert) could cause the stock price to drop so low they can't raise additional operating funds? I think so!
Is it possible that the Barron's author who has since lost his registration certification with the SEC, and the vulture attack by yourself (since your conversion from # 2 supporter of the stock) and other shorts who appear in mass could have caused some businesses to hesitate buying from Osicom? Yes!
Is it possible that all of this was contrived by Par to manipulate the stock himself? I guess anything's possible, but it sure doesn't fit since he just invested about $1 million in this stock at higher prices. You can bring up again that he sold a lot over the past year, and you don't have to mention the financial reasons that were given. After all, the fact that he had financial problems and was forced to sell since the stock was pledged as collateral doesn't reflect well on his business management ability.
But in the end, if Osicom folds, you'll most likely only have to answer to yourself. Were you honest? Or did you relentlessly pursue the destruction of a small company with the nerve to dream of taking on the Ciscos? And did you do it by deliberately falsifying and fabricating answers? And do you enjoy knowing yourself?
I hope we'll never know the answer. After all, with 41 networking companies testing the GigaMux and $90 million in contracts for the EN side, not to mention the recent EN partnerships with very big partners who apparently have faith in the Net+Arm, Osicom has actually never looked better. Oh you keep forgetting to mention that their income has gone from about $12 million to as high as $120 million in just a few years. Yes, the profits have gone down as they rapidly grew, but they've invested in companies with award winning products. Or do you think PC Magazine and all the others trumped up those awards?
If they can hang on through the Asian crises (which I'm sure you're aware has affected more that Osicom's bottom line) and assaults from vultures, and if Par has intentions of making Osicom successful, the ingredients are there. Xin and Pete are excellent, creative innovators of the highest standard.
Only two things could bring this company down; a stock manipulating CEO who currently has the respect and confidence of his Board, or the unscrupulous, constant assault by stock manipulating shorters, including the Barron's writer.
I'm hanging in on Osicom's side, hoping I'm right - hoping you and Craig and company are unsuccessful. Hoping Par will choose to prove his management ability by letting his advisors build the company up to compete with Cisco, Ciena, Lucent (well, Lucent had a pretty good start as an AT&T spin-off, but Osicom could get there after the Cisco acquisition).
Keep it honest!
David
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