To: StockDung who wrote (748 ) 4/2/2000 11:57:00 PM From: Sir Auric Goldfinger Read Replies (1) | Respond to of 3392
Very important that CYBR investors read this news from Bloomberg about CYBR's late filing: "Three minutes after the close of regular trading, at 4:03 p.m., the company filed a form NT 10-K with the SEC, explaining it was unable to file its 10-K report on time, citing ``unforeseen delays due to recent acquisitions and related business activities.' The company issued a press release Thursday saying the 10-K, which requires the consent of its outside auditor, would be filed Friday. That sent the company's shares soaring 31 percent Friday, quelling concerns that the filing might be delayed. Cyber-Care rose 4 1/2 to 19 1/4 in trading of 2.74 million shares. The form NT, although filed after the close of trading today, was signed Thursday by Cyber-Care's president, Paul Pershes. Reached at the company's office today, Pershes said the NT was actually filed Friday by company attorneys, who inserted the wrong date next to his electronic signature. He said the audit by its new auditor, Ernst & Young LLP, was ``just about' complete, and that the 10-K will be filed Monday. ``There's nothing wrong,' Pershes said of the delay. ``We're a large growing firm and we've had a lot of changes.' __________________________________________________________ "Unforseen?" CYBR said in an interview on 03/30/00 that the 10K would be filed on 03/31/00. But, on that VERY same day (03/30/00), CYBR's President Paul Pershes signed an SEC late filer form NT saying that they could not meet the deadline. Pershes was the same person who was interviewed adn said that the 10K would be filed on time. Same guy, Pershes-CYBR President, on the same day says the 10K will be filed on time and on the same day files an SEC document that says the 10K will be late. How could anyone come to the conclusion other than they were lied to? And for all the boiler room crap being bandied about regarding "big news on the Monday conference call" do people really think they should wait? I would ask ONCE AGAIN: Where is the 8K regarding the "China deal?" One might very reasonably conclude that it does not really exist. Any "investors" around here speak Mandarin? If you want to do some real hard core "DD," perhaps you should make an oveseas phone call to Shanghai to see if ANY of the whole PR stuff has any ring of truth to it. Furthermore, you all do realize that there is an estimated 18 million shares of CYBR stock that become available for sale very soon if not already (an estimate, but read the filings for yourself), thus putting HUGE downward pressure on the stock especially when you consider the point made above about the late filing shenanigans. Just my humble opinion, but I must say, with all the volatility in "real stock" what is ANYONE doing long this POS? It's a little late in the game to be owning this kind of crap while the big guys are selling real tech stocks and going to cash and bonds. Think about it.