To: Rodrigo Rocha who wrote (7869 ) 8/7/1998 9:26:00 PM From: Afaq Sarwar Respond to of 10479
Mr. Rocha, I understand and appreciate your concern and corresponding comment. I can see how such calls may be considered nuisance, and therefore may negatively impact potential sales by Osicom I can see two groups of people calling Osicom's customers for information or for other reasons. First, longs who are concerned about the future of the company and want to learn what is going on, but due to the fact that company is not very good at communicating information with shareholders, are resorting to making such calls. Second, shorts or those who do not have the best interests of Osicom at heart, who calling these companies to hurt Osicom. Osicom's shareholders, and those with the best interest of Osicom at heart will see the harm such calls may cause to the company, and will hopefully refrain from such activities. However, we cannot control what the people in the second group do. I do know that the management at Osicom is in the position to do a great deal to address this problem. The management needs to start communicating with the shareholders so that they do not have the need to call any one other than the company itself to get all the information they are ever going to get. If the company became more open in its communications with the investors, this problem, if exists, will to some extent go away. Clearly, the company or the longs cannot do much to control the activities by shorts, etc. But still, a more open management, and well informed shareholders, can create an environment that will go a long way in making it difficult for these elements to do their dirty work. The reason I am writing this rather lengthy post because it is my understanding that you are one of the large shareholders of Osicom. As a such, I expect that you would be in a position to help the company understand the need for better communication with shareholders and the investment community. Also, with your particular background you may be offer some help to them in achieving that objective. Regard, Afaq Sarwar