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Technology Stocks : Osicom(FIBR) -- Ignore unavailable to you. Want to Upgrade?

To: Ploni who wrote (4760)	1/25/1998 8:50:00 AM
From: Stewart V. Nelson	Read Replies (4) \| Respond to of 10479

Charles and the rest of the thread: To all on the Osicom thread: This will be my last post on this thread. I am sure this will make some of you very happy, although for the life of me I cannot understand how a group of individuals can be so hostile to contrary opinions.. "Boneheads" I believe is the way Craig described it! As Barbara said: <<< It's really sad that people like him try to manage their own money, and even worse that they tolerate no opposing points of view. One of the first thing one should do in dealing with the market is to learn that there are those who disagree. Someone has to think the cash you're willing to pay is more valuable than the stock, otherwise you wouldn't be able to buy it.>>> Before I leave I want to make a few things perfectly clear; 1. I have no position in this stock long or short. I joined the discussion because I was invited in by Craig and I wrongly assumed that people on this thread were interested in discussing issues for and against this investment, and just maybe, in the process learn something about investing. Believe it or not, I learn from these discussion all the time and I have been investing in stocks (mainly technology stocks) for many years. ( In other words I am over 50!) 2. I would not invest in this stock or short it for many reasons. I will try to outline my major concerns so you can decide for yourself if this investment is where you should put your cash. My reasons are as follows: 1. There is no float so the stock is too easily manipulated. Consider the ownership as stated in 10K dated Jan 31, 1997. Par Chada 22.7% R II Partners (Owned by PC) 13.6% Rand Research (Owned by SC) 4.9% Sharon Chada (SC) 6.7% Barry Witz (BW) 16.9% Brite Lite Industries (Owned by BW) 11.4% Asia Broadcasting 5.6% Leonard Hecht 1.0% -------- TOTAL 82.8% The stated value of the 12,002,691 shares outstanding at the time the 10K was issued was $61,696,400. What all this means is that the float (i.e. share actually trading) was a little over 2 million valued at $10.6 million! In other words Par and Friends were willing to let you longs share in all the "can't miss future" of FIBR for a measly $10.6M! You have to ask yourself, "Why would they need to do that? If their future is so bright, why would they let you longs in on the game? In case you haven't figured it out by now..Let me explain something to you. As Warren Buffet once said, "If you are in a poker game and you don't know who the patsy is..YOU ARE IT!. In my opinion you are being manipulated! 2. Management has an alleged history of stock market manipulations. 3. They are printing stock to stay in business. See Craig's earlier post about shares outstanding. 4. No working capital to pay for all these wonderful new products. I have to run now so I will end this rather long post with by saying to you. After you lose all your money on this investment..Don't say Craig and I didn't warn you. Happy Investing Stewart V. Nelson

To: Ploni who wrote (4760)	1/25/1998 11:17:00 AM
From: Mama Bear	Respond to of 10479

>>>If CC has a long-standing short position, that means it was initiated above 5. Thus, why didn't he cover in the low 2's? <<< craig convinced me he covered last years position the day after the Bearon's article with this post: Message 3125418 FWIW Barb