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Technology Stocks : Fonix:Voice Recognition Product (FONX)

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To: Brad Brown who wrote (2201)3/22/1999 10:49:00 PM
From: john harris  Read Replies (2) of 3347
 
Thanks for the link, Brad. You say:

<Murdock said that there would be significant news in the next 60 days.>

Just to be exact, and avoid any misunderstanding, this was said in January.

From the article:

<Co-founder and new CEO Thomas Murdock said in January the company would have significant news about its own technology within 60 days.>

Also from the article:
<Nasdaq had questions about unusual trading volumes in recent days, but Oberteuffer wouldn't say specifically what other concerns market officials have.>

It appears from this that there was more than a simple request regarding volume as FONX had originally stated in its press release.

And more:
<Fonix was told Nasdaq officials would look at the company's responses over the weekend but Oberteuffer said he was not given any indication whether Fonix would be trading when the markets open Monday.>

And it further appears that Monday trading has come and gone and NASDAQ is not satisfied with the responses from FONX.

In case some are wondering and are ready to accuse me of being short the stock, I have been short this stock for a while. (since 7/sh)
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