To: paideia who wrote (2416 ) 6/8/1998 3:50:00 PM From: Robin Read Replies (2) | Respond to of 5736
Point well taken, however, the extrapolation from your statement could then be made that CCSI is not a hot property and that they will have a difficult time setting their price or terms on this deal. I'm afraid that if their position was as good as many of you hope, then the major meds would be tripping over each other to get this deal, and get this product to market. Darby would be calling the shots, and the deal would have been concluded and announced long ago. Now, since this didn't happen and with the price of this stock now under attack, one would expect Darby to have exert her influence from a position of strength and force the disclosure of this deal, assuming the deal is done and good. Should the announcement not occur this week (as many of you have stated that Darby has promised), then that should give significant weight to the argument that there is no deal or that the deal is not that great. As I see things, what is happening now is the following; there is no deal or the deal is not that great, there is no plan to announce the deal in the near term (the only announcement I would expect based on what I have seen today is that the interested party in this deal will offer to acquire CCSI at a low price; how low? who knows?), a short attack is in progress, and your CEO appears to have nothing to use to combat against the shorts. Please ask yourselves why there has been no announcement from Darby or the public relations firm? Call them and demand it! Sorry, but no slam intended! Just concern for fellow investors (I disdain shorts and the concept of a short position). On a marginally positive note, while CCSI's position is not holding well today, it is far stronger than I would have suspected given their cash position. This is probably due to the fact that so few shares are available for shorting. It looks like those with an established short position are shaking the forest, not just the tree, (through publicity) to create a frenzy among both the loose hands and the latecomers to the short's party, while the rest of you remain steadfast in your long positions, giving the stock marginal and gradually slipping support. Personally, I expect a continual decline through the week as weak hands are shaken loose. I myself will give this a good look for a long position until either the price is below $5 or after I get a good look at the full disclosure of the deal, no sooner! Never underestimate the power of an orchestrated short attack! Good luck to each and all! Rockin' Robin