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

To: sommovigo who wrote (2299)	6/20/2000 12:33:00 PM
From: StockDung	Read Replies (1) \| Respond to of 3392

The stock was up 25% the day that cybr put out a press release stating there would be no late filing. Then there was King Zeus post which added to the fire. It was important to hype the stock. Then came the sad truth, which Auric had actually scooped bloomberg on, right here on SI; Cyber-Care Misses Deadline to File 10-K Report (Update2) By David Evans Cyber-Care Misses Deadline to File 10-K Report (Update2) (Adds president's comments in 5th, 6th and 7th paragraphs in story that first ran yesterday.) Boynton Beach, Florida, April(Bloomberg) -- Cyber-Care Inc., which licenses equipment to monitor patients at home using the Internet, missed the deadline to file its annual 10-K report with the Securities and Exchange Commission. 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.' Ernst & Young replaced Grant Thornton LLP, which resigned as Cyber-Care's auditor on May 20, 1999. On June 10, 1996, McGladrey & Pullen LLP resigned as auditor, four months after it was hired, saying it could no longer rely on representations of the company's prior management.

To: sommovigo who wrote (2299)	6/20/2000 1:10:00 PM
From: Kevin Podsiadlik	Read Replies (1) \| Respond to of 3392

Kevin, the point is that Herb has been shown to be less than honest with regard to CYBR in the past. His convenient editing of the "Martin Letter" allowed him to twist it for his own uses, whereas other more 'balanced' reporters used the entire letter, which showed journalistic integrity. Thanks for bringing that up again, I meant to mention last time what a HUGE stretch that is, IMHO. For starters, we have no way of knowing what portions Herb omitted himself and what was removed by the TSC editorial staff. Second, let's consider objectively what was removed. First was a paragraphs lashing out at the board's "bashers" who he felt were revelling in his pain. Isn't that really a personal matter between him and the bashers? Is that really relevant? As for the later paragraphs, there's very little of substance apart from the fact that he still believes in CYBR management and that the company will go on to great things. Well, that's nice, but, just how much are we to value the opinion of someone on a stock that has just bankrupted him? Actually, the fact that Martin asks people to learn what is from my point of view the wrong lesson from his experience makes the whole story just that much sadder. Herb ... seems to be publishing with an agenda As I said when I first came in here, that's a phrase that has been used by stockholders of now-defunct or greatly-reduced companies numbering near uncountability. The pattern never seems to catch on, I guess.