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Technology Stocks : Fastcomm FSCX (6 1/8), base now complete. Big Upside. -- Ignore unavailable to you. Want to Upgrade?


To: Rick Smith who wrote (588)6/3/1998 12:36:00 PM
From: Bill  Read Replies (1) | Respond to of 802
 
I thought the problem was not with Davidson, but a creditor. From FSCX release:

FastComm stated its filing was a direct result of enforcement activities by a judgment creditor.

"It is unfortunate that the Company had to file for protection," said FastComm President Peter C. Madsen. "It is important to note that this action is in response to an act by a disputed creditor. I strongly believe that the judgment awarded this creditor had no basis in fact or law and that the Company will be successful on appeal, which it intends to vigorously, pursue. The Company plans to continue operations and conduct its business as usual and emerge from Chapter 11 as quickly as possible."



To: Rick Smith who wrote (588)6/3/1998 12:39:00 PM
From: Senor VS  Respond to of 802
 
Hi Rick

Oh Boy, aren't you an optimist even now.?

Regards
Ravi



To: Rick Smith who wrote (588)6/3/1998 12:45:00 PM
From: Alan Aronoff  Read Replies (1) | Respond to of 802
 
<<If that were to occur the Chapter 11 Filing would be dismissed, and everything would go forward, business as usual, from there.>>

The problem is FSCX doesn't have a business. Otherwise, it would have the money to pay its creditors. Virtually no one uses FSCX's FRADs (see "net sales" in 10Q filings), why on earth would anyone start now?

If I owned any FSCX I'd take the 1/2 point now. Better than the $0.05 next month.