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Technology Stocks : VCampus Corporation (VCMP) -- Ignore unavailable to you. Want to Upgrade?

To: leigh aulper who wrote (72)	6/26/1999 8:49:00 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 106

leigh there are two issues here, yes maybe they will survive, but not before Excalibur and its partner extract their "pound of flesh". Why take a risk of 1 in 100 that they will succeed through the machinations of the floorless. Step aside and watch the scene develop. The pattern has now been set and while here and there you will find a survivor, it is usually only after the stock has been decimated. Get back in after the stock has been decimated and is ready to fly again (typically after the company finally wakes up and find a way to buy out the bandits). Look at ANCR for a very rare example of success, but only after they bought out their bandits. As for a $50 billion annual market in I-net learning, even if you assume that an I-net student will spend $5000/year on I-net learning (quite a large sum considering the fact that tuition at states schools and evening schools is in the range of $3,000 to $5,000 per year), that assumes an enrollment of 10 MM students each year. When I see such hyped numbers I typically come to the conclusion that the floorless is not to "save the company" but to find a way to fleece the public investors. Excalibur and company are not interested in taking business risks, they get their money (all of it and then some ) through shorting against the block, and then they double their money every time the stock is halved, and that without an iota of risk. What would you do in their place, take a risk on success of the "business plan" or a sure bet on doubling your money every few months (and during the final stages of a death spiral even faster). Look at TSIG with a "billion bucks plus business plan", since March, the stock has gone down by 90% and the floorless are laughing all the way to the bank. Thirty months ago they had 20 MM shares and now they are asking for an increase of the authorized shares from 100 MM to 300 MM, and that is the first step before what I believe will be a 1 for 100 reverse split. It is your money, but by gosh, you could not be locked in a loss at these prices, get out while the getting out is still good. Look at all the corporate carcasses Timelord posted here, that is the fate typically awaiting investors that stay loyal to companies committing the capital sin of floorless instruments. Zeev

To: leigh aulper who wrote (72)	6/26/1999 12:40:00 PM
From: Susie924	Respond to of 106

<<Look at TSIG with a "billion bucks plus business plan", since March, the stock has gone down by 90% and the floorless are laughing all the way to the bank. Thirty months ago they had 20 MM shares and now they are asking for an increase of the authorized shares from 100 MM to 300 MM, and that is the first step before what I believe will be a 1 for 100 reverse split.>> I am another TSIG investor who got burned big time. I also will only post here this one time so please don't accuse me of bashing UOLP. I never even heard of it before yesterday. When Zeev started posting negatively about TSIG a couple of months ago, I, like many others accused him of bashing for his own personal gain. I only wish I had listened to him then. I might have saved myself a lot of grief (and $). I'm still in TSIG because it's useless to bail out now...I just have to hope for a miracle at this point. I guess what I am saying is don't disregard what Zeev says. He seems to know what he is talking about. Good Luck to all!