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To: Rande Is who wrote (295)3/2/1998 2:49:00 PM
From: Yarek Szolomicki  Read Replies (1) | Respond to of 717
 
Wired did a similar story on Newbridge, slamming Newbridge and the entire ATM sector in the summer of 1996. The stock got hammered only to triple after that.



To: Rande Is who wrote (295)3/2/1998 2:59:00 PM
From: slipnsip  Read Replies (2) | Respond to of 717
 
"TO ALL: Momentum and emotion seem to rule the pennies. The facts about this company have not changed."

Sorry Rande, everything has changed. Most of my unanswered questions just got answered. When building a story (Scam) make it as believable as possible and keep everyone in the dark. The money outlaid by the VC's pales compared to what they just picked up by trading their shares. This is assuming that most of Echomedias purchase was in stock, and they didn't pay more than my guesstimate of 10 million cash for softbank.

When taking over a company, it is one thing to push out the other senior management if you are in the same business and have your own management staff. This is usually done during a 1 year period to ease the transition. It is completely something different to have no experience in the industry and have the two primary people of the acquired company bolt in 48 hours. Who is left running the ship??? It's a ghost ship....