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Pastimes : The New Qualcomm - write what you like thread. -- Ignore unavailable to you. Want to Upgrade?


To: Jon Koplik who wrote (2008)8/26/2000 2:16:58 PM
From: S100  Read Replies (1) | Respond to of 12246
 
<font color=OrangeRed> New Wireless Access System SWOMI
snip
The recent attacks made against Biofiltration came after the company announced the release of its new wireless
high-speed roaming Internet product (SWOMI) and began marketing the product several weeks ago. On the heels of
a dramatic number of contract signings for the product by both private and government entities, a corresponding boost
to the stock price of the company occurred which elevated the price per share from twenty-five cents to over two
dollars per share in a two week period. This rise in stock price was attributed by Mr. Keyser to strong investor
speculation about the impact that this new technology would have in competing with large dial-up services and to the
potential consumer demand which could follow by those tired of slow internet access.
Snip
Mr. Al Keyser, CEO of Biofiltration stated ``Although the company is steadfastly focused on achieving its business
objectives of rolling out our key products on a national level, it appears that the intensity of today's marketplace
requires that we also devote equal attention to aggressively defending the interests of our shareholders from those who
would engage in unethical and illegal behavior. Given that our stock is still traded on the pink sheets, because of SEC
rules, it doesn't enjoy the same level of protection afforded to those stocks traded on the NASD, and this contributes
to manipulation of the stock price and promotes harmful volatility by uncontrolled shorting of the stock.''

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