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Biotech / Medical : Oxford Health Plan (OXHP) -- Ignore unavailable to you. Want to Upgrade?

To: Gene J. Abel who wrote (510)	12/11/1997 5:50:00 PM
From: Thomas Haegin	Respond to of 2068

Re: Conjuring schemes Gene, I see and respect the point you are making. I respect that you have ethical concerns. But I think I am in disagreement: To find out whether OXHP send out reminders in time is IMO a valid test of their backoffice efficiency and capacity. I personally would place high value in this information. This was one of the things that got OXHP knocked down in the first place. What's the harm of it? Many people do not pay their bills on time, most just forget, others may have a liquidity crunch, still others have an interest in finding out about OXHP backoffice. Andreas idea is cynical and even mean, but quite witty in my mind and difficult to pull off convincingly, I'd say. While I at this point do not openly advocate to do it, if I was connected to that Mr. Smith at Smith & Smith Attorneys-at-Law, I'd be selling the very next minute! I do have an interest that OXHP prospers again. If one would get positive outcomes of the above tests, all the better for Longs. If not, all the worst. While my loss is painful as every loss, it is not as bad as probably quite many other Longs. I'm long from around $25, buying in the days after the first plunge. I was thinking of buying more at $18, but now I am in wait-and-see mode. Management has zero credibility with me now. Hope we still can talk to each other, Thomas

To: Gene J. Abel who wrote (510)	12/11/1997 9:01:00 PM
From: Michael Burry	Read Replies (2) \| Respond to of 2068

Someone asked me to post this via e-mail (don't know why he's not doing it): Yesterday, the Chinese TV program in New York City reported that Oxford opened on the day a new branch in Chinatown (downtown Manhattan, one mile away from Wall Street). I went to the Oxford branch office today and found out that it did not open a new one but they are expanding. That little mistake (new opening/expansion) might be made by the TV reporter, and the step by Oxford might not be directed to Wall Street albeit the close location--the news was only broadcasted in Chinese. There are about 200,000 Chinese living in NYC, many of them don't speak English. Oxford has not only Chinese-speaking phone line, but has a network of 200 Chinese-speaking doctors in the NY-NJ-CT tristate area. New Jersey also has a large Chinese population. Oxford has been the only one of the major HMOs to set up local offices to serve the Chinese in NYC. This makes me to recall the news about its Florida growth plan. They may very well target other non-English-speaking ethnic groups, especially the Hispanics. For me this is a bold action with a longterm strategic plan in mind, and very professional, and will be rewarded decently. I also talked with a rep in the office about the turmoil. She was laughing when I mentioned that some worried Oxford could go bankrupt, as if she were listening to a story just for fun. Meanwhile, Oxford continues running an Ad in this Chinese TV program. The Ad scene: a Chinese-speaking Oxford rep telling a patient over the phone that she is referring him to a doctor in his neighborhood who speaks Chinese. ******** I would add that when I was researching my story they were laughing at the fact that they would have to set aside even more reserves. And I still stick by my "numbers" analysis that says we could be in for some serious financial trouble with just a few more hits to the balance sheet. Actually, I feel Thomas and Andreas and the mailman are having a much more civil discussion than most threads would have given the circumstances. From what I see, lawsuits and bankruptcy should indeed be discussed here, as should the pluses like you suggest. The story is not all bad, but the risk-tolerance necessary to invest has gone up considerably. Good Investing, Michael Burry

To: Gene J. Abel who wrote (510)	12/11/1997 11:25:00 PM
From: Andreas	Read Replies (5) \| Respond to of 2068

Gene, Yes, I have a lot better things that I'd rather be doing. However, the conduct of OXHP's management, as evidenced by the negligent or intentional withholding of material information and the negligent operation of day to day operations, resulting in the loss of tens, if not hundreds of millions of dollars to average American citizens is an outrage. I don't need to conjure up schemes! The only scheme here is that perpetrated by a bunch money grubbing, negligent, incompetent and over-their-head wanna-be big corporate America managers. Rest assured that my so-called schemes are being implemented as we speak. These so-called schemes are only necessary because we have been lied to. And if you honestly think for a minute that I am in a minority then just wait and see. The numerous and continually increasing number of lawsuits is testimony to the fact that many OXHP investors feel as I do. I don't like being lied to and I don't like people stealing from me. And when someone does I get even!! And believe me I will get even come hell or high water. And as discovery in this matter continues I will use every spare minute I have to get to the truth. And let the chips fall where the may. Too many people got burned for one reason and one reason only - they were lied to. This Oxford is a joke. It is in my opinion no different than the numerous other fiascos that have resulted in the loss of millions and upon millions of investor dollars. And remember this, there are a lot of plaintiff's lawyers out there representing OXHP shareholders that will do everything in their power to expose what appears to be blatantly negligent, and in some instances, intentional misconduct of OXHP's management. Wait until Wiggins is being deposed and grilled day after day and asked to explain his conduct in terms of understanding the day to day operations. OXHP will not survive the onslaught of litigation. It is too great and growing each day. There is no insurance to cover fraud and fraud has been alleged folks - wake up. The potential liability of the class action lawsuits will tank this company. This company is going down. Whether you want to believe it or not. It has happened many times before I have witnessed it personally and this is just another example. Case in point - Bre-X mines. Literally billions lost, suicides or murder involved, (top metallurgical engineer mysteriously falls out of helicopter); lawsuits galore and guess what - investors lost every single penny. Not 20%, not 30%, not 50%, not 80% but every damn penny! 100% gone. Some shareholders of OXHP have already lost 80%!!