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Technology Stocks : Osicom(FIBR)

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To: naglies who wrote (8587)12/6/1998 12:41:00 PM
From: Joseph Hoane  Read Replies (1) of 10479
 
naglies, i just actually read Auric's posts.

I needn't have risen up to do battle. His posts were
pathetic.

Your support of him makes be want to doubt that you are what you
claim to be. I don't actually, but stop following this guy
blindly. Read this forum in it's entirety:
Subject 21843
I found it very educational and from it I discerned the
difference between a scam company and one that is having a bit
of trouble. One of the tip-offs is that when the reverse split
is done in a scam, the authorized shares outstanding are not
lowered. Osicom did lower their authorized shares outstanding by
the same ratio as the reverse split. They still got hammered by
the market, but that is over now.

The DD Auric claims to have done is old news stemming
from the Bearon's article from 1997 by Alpert, who spread guilt
by association. The final resolution there was that it appeared
that Barry Witz's layer knew somebody who was under investigation
by the SEC. That seems like good cause to throw Par in jail.
NOT. Witz is no longer on the board of Osicom. He was the
one who sold Uniprecision to Osicom for $11 Million, which
Osicom nanagement now states can be sold for "a multiple" greater
than what they paid for it and for which Osicom has 11 bidders,
up from 3 in the last conference call and $102 million of contracted
revenue over the next two years in place.
A stockholder lawsuit against Uniprecision has long been resolved.

It is my understanding that,
the author, Alpert, also wrote a similar article about Cold-eaze,
(Cold-eeze?)
with the same kind of vague, apparently untrue, guilt by association
arguments. Apparently Asensio got burned on that one.

Joe Hoane

Is this enough yet? <grin>
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