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To: Jeffrey S. Mitchell who wrote (2838)	5/8/1998 1:41:00 PM
From: jhild	Respond to of 4295

GASP!

To: Jeffrey S. Mitchell who wrote (2838)	5/12/1998 3:13:00 AM
From: Jeffrey S. Mitchell	Respond to of 4295

Re: CSHK vs. SYCR Let's flash back to 1995... Syncronys stock jumps from .03 to $32 a share on claims it's RAM compression software, SoftRAM doubles memory through software. It becomes the nation's #1selling product and the president of the company, Rainer Poertner, is named "entrepreneur of the year" by the Software Council of Southern California. Problem is... SoftRAM was a fraud. It never worked. Upon disassembly it was found there wasn't even any code in there that was supposed to work! The FTC sanctions SYCR for false and misleading claims, they lose a class action lawsuit... and they open up shop again! Same cast of characters, same type of products. Fast forward to late '96. The SYCR thread is set up on SI. The stock is at $1.50. The past is the past and all anyone sees is big bucks when SYCR rolls out the hits. Slowly but steadily the stock sinks to .70. Warrants are converted and, lo and behold, in three short days at the start of '97 SYCR hits $3.00! Within a month the stock climbs to $4.75 and the SI thread is at a fever pitch. One woman recommends taking profits and is called names that, trust me, woman don't like. Oh, did I forget to mention all this happened before the products were reviewed in a national magazine? Let's just say that shortly after reaching the upper 4s the reviews finally came. Not just negative, but scathing. The stock sank to $2.25 but the SI faithful were undeterred. The stock rallied back to $3.50 and it was $50 here we come. Dozens of people volunteered to go to computer stores, talk to store managers, and check out the shelves. Yep, time to mortgage the house and buy more. Fast forward all the way to today... SYCR is at .27. That's right, twenty seven cents. What went wrong? I guess once a crook always a crook. Reg -S deals, the CFO quit, earnings were restated, they couldn't hold on to an accounting firm. The usual (gg). Oh, did I forget to mention SYCR sold utility software you could pick up for free on the internet? I think the tipoff this whole operation was a scam was when they introduced Zipper, a program that competed with PKZIP, a decade old free compression program that is the de facto industry standard. Meanwhile, in early '97, the SYCR faithful are alerted to another software company where Rainer Poertner is the CEO: MediaX (MXMX). Another thread on SI is set up and the stock. About anyone needs to know here is that MXMX hit $3 in early '97 and is at .30 today. The whole SYCR story is here (be sure to click on the "Click here" link in the second paragraph): ftp.uni-mannheim.de So, does this story sound familiar to anyone? (gg) - Jeff