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Technology Stocks : AremisSoft Corporation (AREM) -- Ignore unavailable to you. Want to Upgrade?

To: PaperChase who wrote (357)	6/7/2001 2:16:42 PM
From: Sir Auric Goldfinger	Respond to of 683

So true. On difference to consider it that Mr. Jacobs is know as "Irv the Liquidator" He made his fortune buying hard physical assets on thec heap and the liquidating the company to make a profit. If you know anybody in the twin cities, perhaps you should ask around about his reputation... That aside, he is out of his league, Software companeis have not tangible assets to speak of. Besides what does irv know about older generation software products to third world/central European. A final thing to consider is that most of his POSition is held in an OPTION to acquire shares. Thus he is a bit like a tout pr firm (oh say Continental Capital) that has a vested interest in getting the stock above his strike price. Since he owns/controls 5%+ of the stock, he must report his sales in SEC filings. However, he like us does not have to report short sales. Really the only way for him to profitably cash in on AREM before it collapses, is to pump it, short against his stock, exercise his options and deliver the stock (that's the only way he can do it w/o filings that show his hand). Why has Irv not told the world what his strike price is?