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

To: David Wise who wrote (7578)	7/18/1998 10:04:00 PM
From: Ploni	Respond to of 10479

the fact is you haven't lost anything Actually, in one day I lost 14.43% of the funds I had invested in FIBR, and there was no reason for it: it was based on an extremely poor management decision, with no explanation given. It's not hard to see why every FIBR news item that can have a negative interpretation will be interpreted negatively. I'm not sure what you mean. Why is it that every FIBR news item that can have a positive interpretation is ignored, and only the ones that can have a negative interpretation have an effect? On the other hand, if they said it was to gain investors who will not consider stocks under $5.00, but who will buy after reverse split at $9.00, they put themselves in risk of a stockholder lawsuit if it doesn't take place. My point is this: rules are made to be broken. Let's say the Vanguard Group called me and said, "We want to buy your stock on the open market, but can't because our rules don't allow a purchase of a stock below $5/share; please do a reverse split." I would answer, "No; a reverse split would hurt every one of our existing shareholders, and I won't do it. Let me talk with your boss about making an exception to your rules." If the head of Vanguard Group refused to change his rules, then I would ask him to give me a written contract that he would buy so much of the stock (either on the open market or in a direct purchase), contingent on a reverse split. With such a legally binding document in hand, I might then be willing to do a reverse split, but I would announce the reason: that as soon as the reverse split takes effect, Vanguard Group will be buying so many shares in the company. Businesses shouldn't operate based on verbal agreements, and if Osicom is doing a reverse split because someone told them verbally they would then buy, or because they hope someone will then buy, that is wrong. Truth is, you're just frustrated. You don't know what's going on, you have no control, and you don't trust those who do have control. You are correct; I guess I'm wondering why you don't feel this way, considering the direction in which the stock has been moving.