Hello David,
It's true that there is a slim chance I will ever go long this stock again. I hover around this board for the education of investing in highly speculative companies and to give the longs a chance to turn my mind around a bit on this issue. I would never invest a large portion of my money in this stock again, but I would consider a very small position if many of my fears about management and this company in general were answered.
Here are some of them, if you care to help me out:
1. When does the convertible preferred run out. This stock won't start trending up with the overhang created about 8 million dollars of a floorless hanging out there.
2. Why hasn't a big company purchased Osicom by now if there are so many evaluators out there. Cisco could purchase it easily. So could NEC. Also, it seems like a company like Brooks Fiber would save money by buying the whole company as opposed to buying a bunch of Gigamux's. So why haven't there been any offers?
3. I still think that there have been about 4 companies in phase three trials for over 6 months. That worries me.
4. A couple of quarters ago, Par made the prediction in a conference call that the Gigamux, and its related products, would be the highest selling product in the following quarter. Obviously this still isn't true 2 quarters later. If I'm right that Par made this statement (can anyone back me up here or am I mistaken?), then either he had little knowledge of how the Gigamux was sold or he was making a misrepresentation. Either way, not so good. Again, am I misquoting Par here? Can anyone back me up or refute me? The last thing I want to do is spread misinformation.
Soooo, if you can help me answer these questions I'd appreciate it.
Grant |
