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Biotech / Medical : CYBR CyberCare the new look of healthcare -- Ignore unavailable to you. Want to Upgrade?


To: Murray_Mac who wrote (1946)5/24/2000 10:16:00 PM
From: Murray_Mac  Read Replies (1) | Respond to of 3392
 
CYBeR-CARE Management Responds to Reported Lawsuits As Without Merit

BOYTON BEACH, Fla., May 22, 2000 (BW HealthWire) -- CYBeR-CARE (Nasdaq:CYBR)
today announced several lawsuits have reportedly been commenced in Federal court
against CYBeR-CARE, questioning the accuracy of information that CYBeR-CARE
provided to its shareholders and the public.

CYBeR-CARE intends to vigorously defend against the lawsuits and expects to be
fully vindicated. The company has reviewed all press releases and other public
disclosures and reaffirms that they are, in every material respect, accurate,
fully consistent with the facts, and are a proper performance of all of
CYBeR-CARE's disclosure obligations under the Federal Securities Laws.

At least one of the lawsuits asserts that the alleged misrepresentations were
made between Nov. 4, 1999 and May 12, 2000, allegedly causing the stock price to
rise as high as $37, returning to its alleged actual value of $8.50 at the end
of that period. It is significant that, although the crux of these lawsuits
appears to be that CYBeR-CARE management issued press releases in order to raise
the price of CYBeR-CARE stock, only a spouse of one member of CYBeR-CARE's
management sold any shares into the rising market during that period, and she
sold only an infinitesimal fraction of their family holdings and did so at
between $2.06 and $5.16, substantially below any price alleged to be the result
of the company's disclosures.

No other member of management which owns or otherwise has beneficial interest in
17,666,846 shares, sold any shares in the rising market during the period. It
belies belief that management would be engaging in misrepresentations to raise
the price of the stock but not sell in the rising market a meaningful number of
their shares at those raised prices. This is the clearest proof that, contrary
to the allegations in these lawsuits, CYBeR-CARE and its management were not
engaged in any wrongdoing and have continued full confidence in the company, its
business and its future.

Other undisputed facts strongly suggest that these lawsuits are baseless, and
are the latest part of half-truths and misstatements spread in an organized
manner by people who have a vested selfish interest in causing a decline in the
CYBeR-CARE stock price. It is public knowledge that the short interest in
CYBeR-CARE, recently totalling more than four million shares, is extremely large
in relation to the float. Those "shorts" have a selfish motive, contrary to the
interest of the ordinary CYBeR-CARE shareholder - to drive down the price of
CYBeR-CARE stock, through manipulation means which include unfavorable press
stories and deflammatory attacks on the company, its business, and its
management.

This pattern of conduct is clearly indicated on certain "chat boards" used by
those who seek to cause a decline in the company's stock price. The company
intends to pursue all legal remedies against those who are involved in these
attacks on the company to obtain redress for the real injury they have caused
the company and each of its shareholders.

Based in Boynton Beach, FL, CYBeR-CARE is a technology-assisted disease
management company with four business lines. The Company is developing the
Electronic HouseCall(TM) System, a patented Internet-based technology system
that provides remote monitoring of individuals for health care purposes, which
is currently seeking 510(k) clearance from the Food and Drug Administration. In
addition, CYBeR-CARE operates physical, occupational and speech therapy centers,
an e-pharmacy and one of the world's largest air ambulance transport services.

Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995: The statements which are not historical facts contained in this press
release are forward-looking statements that involve certain risks and
uncertainties including but not limited to risks associated with the uncertainty
of future financial results, additional financing requirements, development of
new products, government approval processes, the impact of competitive products
or pricing, technological changes, the effect of economic conditions and other
uncertainties detailed in the Company's filings with the Securities and Exchange
Commission.

CONTACT: CYBeR-CARE, Inc., Boynton Beach
Linda Moore, 561/737-2227
Website: cyber-care.net



To: Murray_Mac who wrote (1946)5/25/2000 11:52:00 AM
From: StockDung  Read Replies (1) | Respond to of 3392
 
Guess he did not pass the cybr IQ test.



To: Murray_Mac who wrote (1946)5/25/2000 6:36:00 PM
From: Jetter  Read Replies (2) | Respond to of 3392
 
Murray and Sommo,

You guys are directing your anger at the wrong person. Truth has actually been doing you a huge favor and nobody cared to listen. If you think this is a result of short sellers and basher then you both have a lot to learn about this market. Like I said earlier, everything you listened to and believed came from this worthless company. On top of that, everyone here was warned an ungodly amount of times to be careful with this company.

Truth was right on again, and as you both have learned (or will learn shortly) where there is smoke there usually is fire. I feel very sorry for anyone that was conned by this company and had money stolen from them. I guess that's why so many class actions have been filed. Throw your name in the pile and maybe you can get something back, cause you surely won't see this thing rise up again.

Peace

PS.

You guys catch this from Greenbergs article this morning? Didn't have time to fully research but just more support for Truth and what he's been saying for the last month...

And speaking of grief (my mind, it wanders): That's what I gave the Palm Beach Post yesterday for ripping off this column's reporting on the SEC's informal probe into Cyber-Care (CYBR:Nasdaq - news - boards). One Post editor conceded, in a phone call yesterday, that indeed the paper's reporters didn't know the Post's policy of citing previously published reports. That's just what they did today (thank ya, guys!) in a story that discloses how wide the SEC's net is being spread. (Whoa, now the Ft. Lauderdale Sun-Sentinel is back to reporting as if they discovered it. That's just what they did today! Have they no shame?!)