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

To: David Pawlak who wrote (6496)	4/19/1998 9:27:00 PM
From: Eddy Blinker	Respond to of 10479

The hour of reckoning is approaching for some people...... David, I have today published my official complaint to the US Justice Department to prosecute all those who have steered, aided and abetted this malicious affair. I am not hearing death bells as Barb but what I am hearing sounds more like the clicking of handcuffs. My complaint starts with skymidi.com and will be finished in about a weeks time, as I have other things to do. Your news link only confirms what I was preaching to the sand in the desert since Feb. Interesting times are approaching. ED .

To: David Pawlak who wrote (6496)	4/19/1998 11:15:00 PM
From: Schmoople	Respond to of 10479

David, I think this explains the calm, quiet tone of this board the past few days. I wonder if those "tips" to Dorfman are considered free speech? Thank you for the heads up. I took the liberty of posting it at yahoo.

To: David Pawlak who wrote (6496)	4/20/1998 12:51:00 AM
From: Afaq Sarwar	Read Replies (1) \| Respond to of 10479

David, After reading the link that you have provided I am beginning to see one possible explanation of Osicom's situation regarding NMS listing. We have often heard that these Fiero Bros. Inc. and others working with them have been shorting and otherwise manipulating FIBR stock way before the Barons article about Osicom was published. May be Osicom complained to NASD or to SEC or to both about these activities and substantiated their complains with some proof. As a result, may be, NASD or SEC started an investigation (sting operation) to catch these guys. Osicom may have been asked to work with the authorities to make this operation successful. If this assumption is correct, then giving Osicom the NMS listing would have changed the condition for these bad guys to operate in, and would have made it more difficult for continue their "normal activities" under this possible investigation. And may be that could be the reason that NMS listing was not granted until the conclusion of such an investigation. And that may explain why no decision was announced one way or the other by either the company or by NASD regarding NMS listing. It would seem that such an investigation, if there was one, may have been concluded recently or will be, shortly. In that case we should soon hear about it as well as about the NMS listing for Osicom. Clearly this seems like a far fetched scenario, and may be it is. But, on the other hand, you never know. Thanks for the link. Afaq Sarwar

To: David Pawlak who wrote (6496)	4/20/1998 7:36:00 AM
From: Elliott Dunwody	Respond to of 10479

Good story...... Investagations take time, and everything that gies aroun, comes around. May could be a very interesting month.

To: David Pawlak who wrote (6496)	4/20/1998 8:49:00 AM
From: Wally Mastroly	Respond to of 10479

This looks like a re-release from 31 March 1998 ? biz.yahoo.com

To: David Pawlak who wrote (6496)	4/20/1998 9:37:00 AM
From: CMS27	Read Replies (1) \| Respond to of 10479

Found the following at NASDR under the heading, Complaints filed. That last sentence seems to say they shorted the stock when none was available to short. nasdr.com Fiero Brothers, Inc. (New York, New York), Falcon Trading Group, Inc. (Boca Raton, Florida), Sovereign Equity Management Corp. (Boca Raton, Florida), John Fiero (Registered Principal, Jersey City, New Jersey), Steven Carlson (Registered Principal, Denver, Colorado), and Glen Vittor (Registered Principal, Boca Raton, Florida) have been charged with manipulation, violation of rules relating to short sales, and violating standards of commercial honor and just and equitable principles of trade. The complaint alleges that, during January and February 1995, they engaged in a manipulative "bear raid" to drive down the price of 10 Nasdaq securities. The complaint also alleges that the respondents engaged in short selling in proprietary accounts without making the requisite affirmative determination that the stock could be borrowed.

To: David Pawlak who wrote (6496)	4/20/1998 11:28:00 AM
From: bill banks	Respond to of 10479

this was a very interesting story and one that involves what is known as a "bear-raid". not only did this lead to the demise of hanover it also put it's clearing agent, adler-coleman out of business. in essence the sahorts would look for co.'s that had only a few market makers in them and they would then naked short against the weak market makers thereby forcing them to either defend their holdings or lower their bids. this would lead to massive mark downs on inventory held and subsequently the net capital would become an issue. in this case the firms noified the nasd that they were in violation of net cap requirements and were shut down.. this led to a collapse of the share prices of the underlying stocks and the shorts could cover for pennies or continue to be short.. nice people, huh? the game is not all that different when they target a specific co., the main difference is that the shorts focus on getting makers to drop the stock by plying false rumors or faxes from off-shore locations..