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

To: Grantcw who wrote (6100)	3/21/1998 2:03:00 AM
From: craig crawford	Read Replies (2) \| Respond to of 10479

<< You really do love this whole game of the stock market don't you? Honestly, my position right now is so much smaller than it was a few weeks ago that I don't have the heart to wrestle with you anymore. I've made money on this stock even if it goes to 0 tomorrow. >> Good! I'm glad you have made money on FIBR. Of all the people on this thread I want to see succeed in their investments you would be at the top of the list. You are one of the most polite people I have met on SI. Very cordial considering I rag on your company relentlessly. I believe you are truly interested in doing hard work to find profitable investments. I believe you have an open mind (Barb and a few others do too). Some others on this thread I think are paid stock promoters with less than honest intentions. (No names). << Let's get some facts straight. FIBR made .02 last quarter >> I only wished I understood accounting well enough to figure out how. Thankfully there are several other indications that tell me I can't trust this company. Accounting is too confusing for me. (and boring) << Shares did increase, but you have to admit that unless Osicom issues more shares through private placement or whatever, we're stuck at a max of 24 million or so, right? >> They increased a significant amount if I recall. Remember, management made no promises about issuing stock privately. We don't know if they will issue stock or not. They simply said that right now they don't have any current plans to tap the public markets via a secondary. That still leaves private placements like they did late last year. The 10K will detail any private placements done recently. Remember management engaged in the unorthodox practice of doing a private placement for themselves and certain shareholders, and stated in their SEC filing that they didn't have to formally register it or make it public at the time (something like that). Kind of sneaky, shareholders didn't find out until much later when the 10Q was filed. << Now, will you admit that the Gigamux, IQX, and Net+Arm will add more revenues this quarter than last quarter? Not like a 50% increase to revenues, but how about like 5% or 1.5 million? >> I suppose $1.5 million is possible. Somehow I don't think this will add much to profitability too much. Management already stated in the CC that the Net+Arm wouldn't be shipping for several months, so don't expect any revenues from this product for a while. They said they were incorporating some Net+Arm chips in their own products. (Around 10,000/month I believe was the figure). << Also, do you think that no one will even take a look at purchasing the Net+Arm and Gigamux? >> I wasn't suggesting that no one would look at them. I was under the impression that companies were evaluating them as we speak. << Those two items would scare me if I were shorting >> There is nothing that could scare me out of shorting this stock. Management has demonstrated to me that this company will NEVER succeed no matter what they claim they can do. Management doesn't have the character and integrity to be successful. That's why they have never succeeded to date. Michael Dell started a mail-order trading stamp business that was grossing over $2,000/month when he was 13 years old. He was a pre-med major in college and he was grossing $80,000/month from his dormroom selling computer chips and disk drives. He bought his first BMW when he was 17. He has the characteristics of a winner. I wonder what Par, Witz, and associates were up to when they were juveniles? << Seems like I'd pay a pretty penny for either one if I were a multi-billion dollar company. >> I guess we will have to wait and see. If I was a multi-billion dollar company I probably wouldn't do business with Osicom. I would only do business with a reputable company that showed obvious signs of financial health, so I know I could count on them when I need something. On the other hand, if I could lend my multi-billion dollar name to Osicom so they could name drop, in exchange for a bunch of cheap networking products that got the job done I suppose I might be interested. But only if Osicom gave me a real cheap price. Then Osicom could use my name to try to show the street that they had actually functioning products and they could go try to get higher margin business from some no name company. See how everyone but shareholders win in that scenario? FIBR would get lot's of revenues but not make much profit. But you see Osicom doesn't care much about profitability, they just want to be known as the company who sells to the NASDAQ, Unisys, AT&T, Sun Micro, Adobe, etc. I would make myself CEO of Osicom, get my hands on a couple million shares so I could sell some whenever I felt the urge to buy a car, home, etc., and I would get to tell my friends that I ran (past tense because they aren't anymore) the 4th fastest growing company in California! Of course we wouldn't be profitable, but dammit we are growing fast! << Your whole reason for shorting this company is Par >> Well, he is the captain of the ship. Who else is to blame? << What about the board members? Do you think they're crooks also? >> I don't know any of the board members. I know they are not competent because they voted to keep the CEO in power. Other than that I have no thoughts on the FIBR board. I never called Par a crook. I wish I had some proof that he was, but I don't. We will just have to let the story unfold. Let me just say that I don't trust Par or any of FIBR's top management any farther than I could throw them. I am very suspicious of them but without proof what can I say? They exhibit signs of dishonesty in my opinion. I don't know about illegality, but I don't consider them to have moral integrity. Simply put, I would never invest in a company run by the people at FIBR. NEVER.

To: Grantcw who wrote (6100)	3/21/1998 2:50:00 AM
From: craig crawford	Respond to of 10479

Did you all give up? I've been up for 24 hours straight and I'm just getting warmed up!!! Surely there must be some sleepless soul out there that will debate this company with me some more. ---Sleepless in Seattle P.S. Maybe I will go argue with the people on the Yahoo message boards...

To: Grantcw who wrote (6100)	3/21/1998 7:57:00 AM
From: Mama Bear	Respond to of 10479

>>>Shares did increase, but you have to admit that unless Osicom issues more shares through private placement or whatever, we're stuck at a max of 24 million or so, right? <<< Authorized shares are 50 million. It is my opinion that all 50 million will be issued within 2 years, and I think I'm being conservative in using that time frame. You haven't shared how the company could ramp up these products without doing it. Some on the Yahoo FIBR thread think that the multi billion $ mystery partner will finance the ramp. This premise stated like the mystery giant would want nothing in return. Of course then the question is, "Will the company deliver more shareholder value than dilution?". We can only look at the past track record to judge. And the past track record has made my attitude "I'll believe it when I see it". Yes, the past conversions may well be capped at 24 million, but why wouldn't the company use new convertible preferred's to finance? It has been the company's financing vehicle of choice in the past. >>>Also, do you think that no one will even take a look at purchasing the Net+Arm and Gigamux? Those two items would scare me if I were shorting. Seems like I'd pay a pretty penny for either one if I were a multi-billion dollar company.<<< Were you around back when the Nethopper was announced? Whatever happened with the Nethopper? Was that a huge success? I'm not sure about anyone else, but when I short it is an inherently short term position. This is something that escapes most bulls who only buy long. I expect that I will be closing this position in the 3s within the next 2 weeks. The "potential" of Net+Arm and the Gigamux have been discounted by the market already, so they really aren't a concern to me. It will be a considerably heavy chore for this company to ramp up production without giving away the farm in the process. Barb