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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (5124)	11/19/2001 12:26:05 AM
From: Hawkmoon	Respond to of 33421

FalconStor was private until Aug. 22, when it completed a reverse merger into Network Peripherals, a 12- year-old company with no operations, also known as a publicly traded shell. One big question that arises from that article John.. How does such a private company, reverse merged into a public shell, possessing so few sales, and enduring such losses, manage to possess $73 million in cash and approx a $6/share book value? After all the article did say that FALC reverse merged into a PUBLICLY traded shell, and I see no record of an IPO. biz.yahoo.com This is one to watch... especially since they have announced they were buying back stock (up to 2 million shares) over the next year. But isn't it amusing that the article failed to discuss their cash stash? Apparently this is residual cash left over from NPIX, according to what I just researched. I wouldn't short it expect at the peaks, and then expect management to prop up the stock price by repurchasing stock the insiders just sold. Hawk