Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : CAWS - Wireless Cable (New and Improved) -- Ignore unavailable to you. Want to Upgrade?

To: .com who wrote (5520)	8/5/1998 10:35:00 PM
From: webpilot	Respond to of 5812

Gentlemen, We have all been wondering who is buying all of the stock and why. Well first they prepackage the bankruptcy, including low valuation assigned to the assets. By valuing the assets at a fraction of their true value, they circumvent the voting privileges of the stockholders. Now not only are we screwed out of our rightful votes, it makes it appear to the stockholders that the situation is hopeless. The average stockholder then sells his stock for a few pennies. This sale has been induced by the company with its ridiculous valuations, and propaganda. CAWS never obtained another fair appraisal. They were too busy dividing up their newly found stock (yours and mine) and allocating the options, to get a fair appraisal. By inducing people to sell (by the way, I did not sell one share), they are now able to get a hold on these cheap shares to insure that if it somehow comes to a vote, they would now have enough stock to pull it off. These guys have covered all the bases. If anyone did buy more than 5% of the stock, they are supposed to file a Form 13d. I haven't seen any filed. There are ways that they can get control without causing much notice. Screwed again! But, if in fact anyone did get control in this underhanded manner, it should be disallowed.