Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : XYBR - Xybernaut -- Ignore unavailable to you. Want to Upgrade?

To: Roy F who wrote (5096)	10/4/2002 5:03:36 PM
From: StockDung	Respond to of 6847

ROY, TODAYS HUMOR FROM THE GHOST OF XYBERNAUT PAST. Jul 22, 1996. "Duffel bags full of cash" LOL To:Derald Muniz who wrote (15) From: Divyendu Mohanty Monday, Jul 22, 1996 1:00 AM Respond to of 5096 Xybernaut (XYBRU) is an IPO by Kensington Wells and Royce Investment, both of which had exceptional IPOs in the past. The last one by Kensington Wells was VideoLAN (VLNT/VLNTW) which was the biggest success on Wall Street last year. The unit rose from $4 to $19, lingered in the teens for a while and then made the move to the 80s - yes the 80s as a unit ($47 - VLNT and $39 - VLNTW). Since then it has come down and the unit is about $30 now. However, the point is it made a sudden move after two months after the IPO. I expect the same to happen with XYBRU, though not to the same degree. Royce was also the underwriter of Company Doctor (CDOC/CDOCW) which had nearly tripled from $5 to $13-14. I can see the potential of this IPO, with the weight that these two investment firms can put in. Xybernaut is a good company which has a unique product - computers that can be worn by users needing information, while on the job. Part of it is attached to the waist and the viewing is done through a headset. It has immense potential as a product in many fields - aerospace, defense, manufacturing, etc. VideoLAN had surprised Wall Street last year, but this year the big boys are already buying Xybernaut - waiting for the runup to come soon. I expect the stock to run up to the 30s in 45-90 days. My expectations are again based on the past performances of the underwriters and the potential of the company itself, based on its unique product. I bought at 16.25 and will be buying some more. Good luck. Divyendu Mohanty ---------------------------- Feds Charge 15 In Stock Fraud Prosecutors Say They Manipulated Supply of Shares July 23, 1999 NEW YORK (AP) -- Two brokerage executives were among 15 people charged Thursday with orchestrating a massive stock fraud by manipulating the demand for three initial public offerings. The fraud, allegedly organized by two key figures at Kensington Wells Inc. on New York's Long Island, occurred in 1994 and 1995. Prosecutors believe it allowed at least 10 brokers and others to pocket millions of dollars in profits at the expense of other investors. An indictment charged the 15 defendants with securities fraud conspiracy, money conspiracy and money laundering in connection with the alleged manipulation. Offerings had a pattern Each of the three initial public offerings, known as IPOs, followed a similar pattern, according to a statement released by federal prosecutors in Brooklyn, the FBI and the Internal Revenue Service. First, authorities said, Kensington executives Elias Tacher and Salvador Tacher distributed IPO stock to friends who promised to immediately sell the shares to Kensington Wells for a pre-arranged profit. This allowed the company to control a supply of each stock. Once the stock was in place at Kensington Wells, the defendants artificially inflated its price and marketed it to the public by calling random individuals and overstating the companies' potential so customers would want to buy in, prosecutors said. Duffel bags full of cash The defendants then used off-shore accounts to launder the money, sometimes returning profits in duffel bags full of cash, authorities said. The charges centered on the initial public sales of stock of Universal Automotive Industries Inc., XeChem International Inc., and VideoLan Technologies Inc. No one was accused of wrongdoing at any of those companies. In addition to the Tachers, charges were filed against 10 brokers at Kensington Wells, the firm's accountant, a Swiss investment banker and a Fahnestock & Co. broker who allegedly laundered Kensington Wells profits. The Tachers have unlisted telephone numbers and could not be reached immediately for comment. If convicted, the defendants could be subject to prison terms up to 20 years on the most serious charges, with a $250,000 fine and an order of restitution.