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Non-Tech : ZOLT -- Ignore unavailable to you. Want to Upgrade?


To: Maverick who wrote (439)12/16/1997 4:07:00 PM
From: Jake Heib  Read Replies (1) | Respond to of 970
 
Little birdies send me faxes, e mails, phone calls etc. Did a post a while back and seems everyone picked up on it and sends me their info. I have not posted all but that which could be verified from at least more than one source. Let's just say Zsolt Rumy has really pissed off a lot of people, people who are in the business, company etc. who know what is going on and are unwilling to vent it themselves for whatever reason.

Maverick, I do not have links nor will I name sources, but I will let the accuracy of my posts speak for themselves. Not all information has become public yet through normal channels, but it will. All ponzie schemes fail eventually.

As for the price reduction today, I have no idea why the market chose to do it today, there is no company news. And I have no stock or option position in the company and as such resent the implication that I am posting this to make money.

Regards

Jake



To: Maverick who wrote (439)12/16/1997 4:52:00 PM
From: aatkinson  Respond to of 970
 
Since about the middle of September Zolt has lost about 50% of its market value, and it has been a long continuous slide. Despite the magnitude, I don't think it's insider or inside-knowledge selling. There are numerous over-the-counter stocks that have had the same precipitous fall. There's a lot of end-of-the-year selling for tax losses and it seems that the selling snowballs.

I still think that the true story lies in the numbers (there's little else form Zolt to go on), and they should reflect or refute many of the manufacturing problems presented on this thread. What's been reported (unaudited) so far is that revenues are up only 5% year-over-year. I think that's troublesome and may have contributed to the sell-off. When the year-end 10K comes out we'll have a much better picture; I hope it's prettier than I expect.