To: Jeffrey L. Henken who wrote (1529 ) 7/28/1998 5:36:00 PM From: b. f. Read Replies (1) | Respond to of 2534
"If I may put a question to you. Could you please give us your opinion on the bookkeeping trick the company used in the last financial release, the "news" releases that engendered the sell offs on same, and the attempts to pump up the value of the stock by hiring World Vision. Are they acquiring another company with shares, thinking of being bought out, want to get more money per share as they sell shares to support the business, or perhaps some people wanted to get rid of some cheap shares? Other reasons?" Sale of software rights 1,152,160 added to gross profit. Interim CFSO March 31,1998. Perhaps you or TL could definatively explain that, it is not a regular sale. Did the company actually recieve the funds? I must admit that I do not understand the accompanying note 8. This FS was also used as a "news" release showing a small loss per share that was as a direct result of this write in. I am quite willing to accept the fact that the company was pumped and dumped as you have said it, but it seems to me that they, the company, were aiding and abetting the process, as opposed to an outside influence, which is what I was asking your opinion on when I asked you about, the "news" releases that engendered the sell offs on same, and the attempts to pump up the value of the stock by hiring World Vision. Are they acquiring another company with shares, thinking of being bought out, want to get more money per share as they sell shares to support the business, or perhaps some people wanted to get rid of some cheap shares? Other reasons?" Perhaps you will have enough time to address the above in your next post. "I think you are looking too hard for reasons why the stock fell." I don't think that one can discount everything that has happened in a stocks past and bravely look to the future with impunity. It is not just the stock but also the actions of the company that are of interest. Getting some answers are just part of DD.