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To: Nittany Lion who wrote (6353)1/14/1998 3:06:00 PM
From: IGL  Respond to of 10368
 
Just spoke with Mike F.
The news is "very positive, very constructive for the company". Will be released as early as tomorrow or within 5 trading days. He has no explanation for the price action today. No negative news he knows about. He thinks it's a great buy at this level.
igl



To: Nittany Lion who wrote (6353)1/14/1998 3:29:00 PM
From: Starbuck  Read Replies (1) | Respond to of 10368
 
Gary,

Those were the words spoken other than "our socks" was "your socks". These remarks were made by one of Mr. Fearnow's associates not Mr Fearnow. I take them with a grain of salt in that these are PR people and are probably trying to paint the best picture possible. I'm guessing they (he) must have been getting many calls in regards to the drop in price, and they were were getting tired of trying to calm emotional people like myself down and weren't as careful as they should be with their wording. I know Mr. Fearnow is more careful in his choice of words.

I agree with you about being gutsy in making the statements. He definitely was confident about it making an impact however.

OTOH, I also received warm fuzzies from them as the price of BNGOW dropped off the cliff (yes I lost a lot).

So, there you have it - for what it's worth.