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.

Non-Tech : Versatech (VITC) -- Ignore unavailable to you. Want to Upgrade?

To: trader who wrote (281)	2/9/1998 6:32:00 PM
From: Patrick Slevin	Respond to of 435

The cat has not been posting for awhile and I have no idea. I said I would not comment on this stock, rather than engage in futile debate, until February. It's February and I still have nothing to say. It's peculiar to me that the stock moved up slowly on moderate volume to where it is then sank like a stone on moderate selling. No news. I would think it's manipulative but that's the way the BB system is, whether one blames it on Management or on the MM it's the system and, for the most part? Investors should know this is an unusual field and make their decisions accordingly.

To: trader who wrote (281)	2/9/1998 8:26:00 PM
From: Sid Turtlman	Read Replies (1) \| Respond to of 435

Trader: Patrick may know more about any latest news than I would, but I want to warn you that the company is a complete house of cards. As far as I can tell, it has almost no real business at all. Most of the company's reported sales and earnings in 1997 were bogus, the result of arranged transactions between the company and individuals who own a lot of stock (and therefore have an incentive to make it look like the company is making lots of money) or private companies controlled or connected with insiders (same reason). As to why it dropped today, I can't guess. I keep expecting the SEC to stop trading in the stock, perhaps connected with a police/FBI raid to grab all the books and records, but that hasn't happened yet. For further information on why I think this way, go back in the thread to maybe August, when I first took a close look at the absurd 10-Qs and other documents that this so called company submitted to the SEC. I've been on Wall Street about 30 years, and I've seen some pretty bad stuff in that time, but this is some of the worst.