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Technology Stocks : Sapiens International Corporation (SPNSF): Turn around...? -- Ignore unavailable to you. Want to Upgrade?

To: Bankceo who wrote (1152)	2/15/1998 12:54:00 PM
From: uu	Read Replies (3) \| Respond to of 1936

Bankceo: > Does anyone know EXACTLY what the criteria are for damages? $8.5 million has been set aside by Sapiens for this purpose. $2 million will be in the form of cash (hard US currency) and the remaining will be in the form of Sapiens stock certificates based on the average price of the stock for the last 90 days from when the judge is to rule (although this is what I was told 2 years ago but was subject to change by the judge). The base price will be determined by the judge and he can choose any criteria as he wishes(after all he is "the" judge)! > Isn't possible that the $7.5MM reserve is inadequate. It is $8.5 milion (in the form described earlier), and that is for sure (i.e. this is "the" settlement that the court has ruled is fair to be distributed among all plaintiffs and Sapiens is not obligated to add or give anything more to this settlement. What we are waiting now is the form of distribution among all plaintiffs to be determined by the judge.) >How do we know that April is the date? Because that is what the court has ruled and I have been told by the littigation office handling the case. I have their numbers at work and I'll post it to you tomorrow so you can call and ask about the law suit or any other issues you want from them with regard to this. For the record I am one of the plaintiffs since I bought the shares between 1993-1995. > This one is particularly subject to manipulation because of the liability issue--where shorts will play on the fear that the judge will rule unfavorably. While I believe this stock is being manipulated I do not believe it is by the shorts. See viwes.com for the latest numbers of short interest in the stock (enter the stock symbol and hit the return key). As you will see it is a tiny 73000 shares (very low compare to the average 100K+ short interest Sapiens has had for the past 4-6 months) and in fact for the past 4 months the number of short interest has decreased dramatically. In my view and as I said before this stock is being manipulated by the so called big guys who want to keep the price down so the judge would base the price of the shares he distributes among share holders as low as he can thus each plaintiff would get the maximum number of shares (based on the $6.5 million dollar settlement to be distributed in the form of stock certificates). Just think if you are very large share holder who happens also to be one of the plaintiffs in the case and who also already has a nice position in the stock and know that this stock is going to be a high flyer soon would you not want to get as many more shares as you want at lower prices (via this law suit settlement)?! And the fact that the number of short interest is low indicates (to me anyway) that no one dares to bet against the stock right now and shorters (who usually are smart because they are risking a lot) know that this stock has all the fundamentals to become a high flyer and the current situation is pure manipulation by the big guys who can step on them very easily (and believe me with SPNSF there are big international bankers whose everyday job is stepping on little and/or big guys!). As always just my humble opinion. Regards, Addi Jamshidi P.S - I will post the number to the littigation office handling the law suit tomorrow when I go to work so anyone interested can call and ask about the latest status.