I would guess that when he said the company's auditors couldn't do both the IPO preparation and the Quarterly Statement, he just meant that their own people couldn't work on both at the same time.
Even this may have been a cover for the need to not release negative earnings before they could report something positive.
I can only say that it's hardly worth selling at these prices, in the middle of a stockmarket meltdown. If I sell any, it would be to shift some risk to some other clobbered stocks (there are many choices).
I wonder where Osicom would be today if there had been no Barron's article, no bombardment from shorts right here on SI, plus in media, no Asian crises... And which of these was the biggest factor?
What effect would it have if Par stepped down and Pete Peterson took over all of Osicom? Heck, we might get the NASDAQ listing!
Is it smart to sell when the GigaMux hasn't been through the 18 month cycle that we were advised of months ago? Was that just a cover to buy time? Or are we on the crest and about to go over the top? Or near the bottom, about to go under?
For those who insist Par is crooked, how would Par profit from the company going under? Did he profit from Builder's Warehouse going under? (Not a yes or no question - give me details).
If the IPO goes off, and if FIBR keeps needing funds due to loss of sales, how quickly will they sell off their controlling interest in NetSilicon to keep FIBR afloat? Of course a few sales of GigaMux to any of the 41 prospective clients will avoid that necessity.
Can Pete turn NetSilicon into a Billion dollar company?
Guess I've given enough fodder to the shorts out there. Can't say I'm very optimistic - just refusing to get out. But the entire market is negative right now. And I've seen companies gain 1000%. Always wanted to be in one. I'll ride it out - up or down!
Captain, watch out for that iceb...
|
