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Microcap & Penny Stocks : Linkon (LKON): CTI Company -- Ignore unavailable to you. Want to Upgrade?

To: William N. Kammer who wrote (1030)	6/22/1999 8:46:00 AM
From: Tim Oliver	Read Replies (1) \| Respond to of 1082

Bill: when I spoke with the Mockingbird sales manager a few months ago, he was under the impression that there was only one LKON engineer (the CTO/chairman?) that was working with them. I'll try to follow up and see if that relationship is intact. I assume that R&G or an investor in R&G has been the big buyer recently (exercising options, etc.) to keep the company solvent. LKON owes them over $1 million and they already own a lot of stock. Obviously if LKON declares bankruptcy, any outside shareholders get screwed. Other than that, I'm not sure I understand the game. At what point does the CTO/chairman walk away and start another company or just retire? What are R&G's best options? Are they passive or active investors (i.e. will they step in and manage?) I'm confident that no ENDUSER will work with LKON at this point...way too risky. They still have a chance with "old" OEM partners who would likely either phase LKON out of their products or possibly buy the company if they think that it will make business sense for them. The fact that all the existing OEMs likely have known about the recent major layoffs and the market cap dropping to below $5 million and haven't done anything to support the company seems to imply that LKON's technology etc. isn't as good as Sun, LKON and Mockingbird suggested. I'm finally learning that playing slot machines in Las Vegas is about the same level of gambling as being an outside investor in these penny stocks. Instead of using the word "invest", it really is more realistic to use the word "gamble" when buying stock in these companies isn't it? Too much "unearned" money on the table for the managements to be honest with shareholders I guess. Good lesson.