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Biotech / Medical : SNRS- Sunrise Technologies -- Ignore unavailable to you. Want to Upgrade?

To: majormember who wrote (2854)	7/25/1999 3:58:00 PM
From: BARRY ALLEN	Read Replies (1) \| Respond to of 4140

The SNRS board on Raging Bull has been the most active. There are numerous posts. I found one poster to be one of the most knowledgable so here is the link. The name is Huwito. ragingbull.com

To: majormember who wrote (2854)	7/26/1999 12:43:00 AM
From: Walter in HK	Read Replies (1) \| Respond to of 4140

The view of an outsider - for what it is worth I looked at SNRS and did not buy. Your point (Marcotte) was one reason. I asked someone on a thread to see if he can find out why CFO Marcotte left. I felt that $ 125 000 bonus was undeserved before profits are realized. I just don't think one should invest in a company where the management helps itself like this, before they accomplish anything, except get somebody else to give them no-recourse money.. I also felt Marcotte might know something we didn't know and that's why he left. (If he got fired for cashing options he shouldn't have - same reason, perhaps, made him do that.) However, I never learned the background, so I kept my mitts off SNRS. Secondly, there was a passage in the SEC S-3 I think, May or so, reading approx “ ...'under certain circumstances' the company may need to ask for protection from creditors ...” I was in Hong Kong at the time and asked a West Coast poster to ask the company: What are the ‘certain circumstances'? and be guided by the nature and quality of the answer (i.e. : how much BS). You all know that when a poster questions something on an “irrationally exuberant” board he will be flamed as a Short, on most boards. As a result, some who may have valid points, shut up. So, to that extent the culture of the message board can be blamed. Thirdly, I think it is quite possible that the wounded and formerly exuberant posters now cry “Unfair” for that reason. Let me tell you: It ain't that simple. I am not convinced that those posters can really judge the process of such a panel. I have experience in bidding for large jobs and I can tell you that the facts alone are not enough to get a job. That award process has similarity with the ODP process. Among many other things you have to earn and build up a relationship of trust. I am sure that in such a panel, involving medicin, there are additional factors. Not enough space here to elaborate. For simplicity's sake, I paste here a portion of a post of mine on RB. If you don't understand what I am talking about, I am sorry. You should either not invest, or, at least not be surprised that such outcome as there was, is possible. Let me just say, when you bid on a new type job, or to a new customer type, you rarely get the first job. SNRS didn't, that's all. I have been awarded enough jobs to have a very successful operation, but boy, I lost a lot more. We did analyse our “Silver Medals” (not worth anything!) so that we could learn. Heck, I once sent a guy to some little town in Alberta, from New York, to find out why we lost the job ! (Paste from RB, blasting Imirish and defending jpublic a little) ... I used to bid for fairly large jobs, say $ 20 - 150 Million category and more, and if we lost a job to the competition and tried to analyse, why ? , we often came across aspects which we had not given enough weight to. Stuff we didn't know or appreciate in advance. At times, the outcome seemed unfair or was influenced by better connections. I think this panel is similar, you have to have, and present, good facts and you still have to “sell”. Perceptions play a role and sometimes, how the decision will be viewed by others. We all make mistakes, unless we are totally inactive. Learn from this. Else, you just repeat it. Take money seriously. For one thing, don't go by what posters say unless it is corroborated or very plausible, something you hadn't taken into consideration before. Anything that is neither, and all BS and hype, click “next”. Check for holes in your knowledge: What should I know, but don't ? (End of paste) All this is written and posted to help you guys learn from the bitter experience, in the spirit of posters trying to share what might contribute. Walter