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Technology Stocks : Information Architects (IARC): E-Commerce & EIP -- Ignore unavailable to you. Want to Upgrade?

To: Robert K. Sims who wrote (10287)	9/1/1999 3:42:00 PM
From: Jeffrey S. Mitchell	Read Replies (1) \| Respond to of 10786

Sorry Robert, you missed the boat on that one. You have to go back to '96 to understand that Tech was once known as Shawn Murphy, and allied even back then with people deeply associated with CSGI. He attacked me and ALYD under various names starting in early '97 which was way prior to ALYD making the run from 8 to 32. At that time ALYD was on the OTC:BB and only had pilots. It was CSGI that supposedly had the multi-million dollar contracts in their back pocket. As history shows, ALYD did get major contracts with major companies and went to NASDAQ NMS, and CSGI got squat. The only unanswered question at the time was just how much Y2K work would there be for the entire industry. The assumption was that if the floodgates opened, the tide would lift all boats with ALYD sailing away with the most work. Sadly for Y2K investors, the work never came and all Y2K stocks got creamed. But as ALYD had more Y2K work than many, it just took more time for them to come down. C'est la vie. Furthermore, to say I just now learned about the dangers of dilutive financing is rather irresponsible or you. Go check back for stuff I wrote as far back as '97 on the SYCR thread about their Reg S deals. Actually, it was the drop from 11 to sub 8 in mid '97 for ALYD that alerted me to the dastardly effects of Reg S in the first place. One of the most painful investing decisions I had was in late September of '97 when ALYD did the second Reg S. I had a long talk with Feltburner where I said it was obvious the stock would tank from that point, but that if I sold I would have to tell people I sold, and I was fearful that telling people I sold would indicate I, the major ALYD supporter, had lost confidence in the company when in fact I would have only been selling for purely financial reasons. So, just for the sake of integrity, I held. We can debate all day if my concerns were illusory or not, but, hey, I made my decision and that's that. I really did honestly think at that time -- late '97 -- the stock would recover as more and more Y2K work started coming in. Heck, we still had more than two years to go before 2000! I recall it was around early last summer that it became apparent if there were lots of remediation work to be done, it wasn't going to be farmed out to Y2K companies. At that point, in the rare times I posted here, I tried to warn people not to count on Y2K revenue for any Y2K stock, not just ALYD. The stock was still in the mid teens at that point, and that's when I sold a bunch. I bought back in at 10 or so and traded it back and forth during the summer until I finally got stopped out at 8 when the big decline set in. At some point I got back in around 7 and then in March when I posted all those warnings about the CSFB debentures I sold. As I stated earlier, I still believe in the company but won't buy back in until the various financings that have been done resolve themselves either via a conversion or enough interest and/or profit by IARC to move the price substantially up on increased investor awareness and interest. Hope that clears things up. - Jeff