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Technology Stocks : Merant - MRNT (formerly MIFGY)
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To: fyi who wrote (244)11/9/1998 8:00:00 PM
From: fyi  Read Replies (1) of 461
 
You are right.

MIFGY is sitting on approximaely $100 million of cash once the acquisition costs are fully paid out.

That is something like $5 a share, or slightly less.

It would appear to all anyone not with their head burried in the sand that there is something mighty
funny going on here.

IMHO, the first chapter of that funny act probably involves some very active groups in the US that
make their living by acting together to drive down the price of a stock and thereby by implication,
acting as a group to victimize those who are squeezed out by lowering prices. Is that legal ?????????

IMHO if there needs to be a government investigation, it would seem only sensible to start right here
and look for a pattern of collusion to profit by driving the stock price down. The trading records are
public so if such a scam were present it should not be difficult to identify any collusion.

From there, stockholders should consider a lynching of MIFGY management for not better explaining
what is going on. It is they that led stockholders to believe certain things at the time of the acquisition
and it is now their obligation to speak up rather than to try to cover their buts by puttin g out the
relatively meaningless press release of last week!!!!!!!!!!

There was not enough information in that press release for any intelligent individual to judge what was
going on. That provides the perfect environment for any the groups around the country, and they do
exist, who make their living by driving stock prices down. I suppose then it could be profitable once
the stock price is driven down beyond all reasonable limits to cease the trashing act and buy back in as
the stock returns to its fair/normal valuation.

After all, MIFGY has about $5 per share cash in the bank and ongoing software products businesses
that could be conservatively valued at well in excess of $500 million (see the earlier posting today).
And they seem to be sitting on their hands after loudly dropping a bomb shell last week with no further
explanation. Mighty strange way to guard the stockholders best interests !!!!!!!!!!!!!!!
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