To: Rande Is who wrote (9344 ) 7/9/1999 4:42:00 PM From: Rande Is Read Replies (1) | Respond to of 57584
Here are some links for OCOM: Latest news with big order from Cleveland Clinic:biz.yahoo.com Profile: biz.yahoo.com Objective Communications designs, develops and markets video network systems that supports video broadcast, retrieval of stored video and multi-party conferencing to and from desktop personal computers and conference rooms. For the three months ended 3/99, revenues totaled $655 thousand, up from $111 thousand. Net loss fell 44% to $2.5 million. Revenues reflect increased VidPhone systems shipped. Lower loss reflects the implementation of cost reduction plan. Home Page:objectivecom.com SEC filings:biz.yahoo.com The stock was left for dead last year and company did a 1-for-7 reverse split to keep from getting delisted. That brought the float down to nothing. Still no activity. Bills became overdue and now company needs to pay many off. . . most thought they would not get financing. . . but investors poured money in when they made an investor offering: biz.yahoo.com biz.yahoo.com [There were 2.3mil total option units released.] The news of such a respected customer has been spreading. Volume and liquidity since the news was released on Thursday morning, have been steady and strong. . .with accumulation indication. Tagging along with stealth accumulation seems to be the natural course. Shares Outstanding 981,000 Public Float: 600,000 'Nuff said. If they begin receiving more such orders from hospitals, they could become a "real" company. However, that is a long way away. . . .so this is considered strictly a position play that is momentum based. . .on the speculation of high percentage gains, based on accumulation. Not necessarily the sort of stock to stick away for a few years. . . too many reasons that it might fail in the longer term. Rande Is . . NOTE: ~~~This is not a recommendation to buy or sell any stock. Do your own research and make your own decisions. I am a private investor that has taken a long position in OCOM and OCOMU for the purpose of receiving trading gains. Playing speculative stocks is risky and should be considered gambling NOT investing. If you wish advice on whether or not to buy or sell any stock, please seek the counsel of a licensed and registered securities broker.