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Technology Stocks : VNWC - VIDEO NETWORK COMMS INC ( VNCI ) -- Ignore unavailable to you. Want to Upgrade?

To: StockDung who wrote (57)	4/17/2002 8:40:08 PM
From: PartyTime	Read Replies (1) \| Respond to of 308

>>>Players mostly shorting it lower to get a better deal on the financing would be my guess. Its usually based on the stock price at a discount.<<< I think we've already seen that happen--lol! By the way, in your research on Video Networks have you come up with any skinny on the August price drop, just after the company issued its first positive earning report? Many of us are still stumped on that one.

To: StockDung who wrote (57)	4/18/2002 9:02:04 AM
From: corstrat	Respond to of 308

Craig, I am in agreement with an earlier comment that you made that it would be foolish for anyone to short this stock at these levels. For at least two reasons other than the low stock price; shorting Hamouth at a price lower than his reported average price and the low capitalization. But it is quite obvious that not only has it been shorted heavily in the past two days, but there must have already been a significant pressure short prior to these last two days, before Mudry set up this new round of shorts for a slaying (his typical MO to try to help out shortsellers as you probably know). But what I don't understand, (though do appreciate their providing cheap stock here) is the stupidity of the current generation of MM's that are stupid enough to fall in this trap. (I used to be a MM for ten years a decade ago and we sure wouldn't have fallen for this) Even if I didn't like the stock, which of course I do, I would be buying this stock now just for what looks like a hell of a squeeze about to materialize. Assuming the Company doesn't do any type of "death spiral debenture" or "toxic preferred" offering, which I have been assured is not going to happen, and no registered shares are being offered. As per a short but really less than informative general conversation with management, the only type of financing they are looking at is equity so they can get the net tangible assets back up for re-listing. I don't quite get how someone shorting here is planning on using the financing to get out of the trap. It is also quite obvious do to the almost panic attempt to not only constrain the price, but to knock it down that whoever was short, knows that this company is not headed for a re-org. If they thought it was going out of business they would love to have the "fools" push it higher and short at higher levels for a much larger payday. All the people I know in this stock are in it for at least a year and actually relish this last buying opportunity to get cheap shares, particularly based on the obvious shorting. I was lucky enough yesterday to get shares below 2.60 but wouldn't be adverse to getting more even cheaper today. I normally don't like averaging down, but in this case it looks like a relatively lower risk speculative opportunity. In fact, if I wasn't so long term bullish on the prospects of this company, I have a few hedge fund buddies that I think would have a ball on the long side of this play, but then the stock would end up in pure speculative hands rather then speculative investors. You have seemed to be objective in your past few posts, so based on your experience, could you perhaps enlighten me on my comments and where they might be in error?