To: Steve W. who wrote (11866 ) 9/19/1998 5:19:00 PM From: BANCHEE Read Replies (1) | Respond to of 12454
Steve My major problem is that they show no support for their stock when necessary...(conference calls, news releases,any correspondents between shareholders and management)Their attitude seems to be that they know what they are doing and the hell with us They gone on the defensive now and hired a lawyer against the shareholders.........WHY?????Are they hiding something??? I don't know but am curious..... My other problem is all the good spin from the shareholders meeting doesn't seem to be happening...Other previous deals Dell, IBM etc. never came through. Big,big deal w/BT was main attraction for me with Y2k play in Softworks. Well the play w/SWRX has changed to another ball game. Home run of dbXpress seems to be going foul. New minor league players ( comp cop and severafarm) are warming up for a new game (direction) It seems that this ship has lost it rudder and were we are going we don't know!!! Maybe in a circle? Going to visit below a dollar again. Going to be delisted ??? I wonder what all those instutional investors that bought in (if any) to this ship of dreams are thinking now....Before it was just ccee. Now they added another star performer with the IPO of Softworks. Nice article the other day. Let me reprint it for weekend lookers,,,, No District, Maryland or Virginia company has sold stock in either an IPO or a secondary offering since Aug. 3., when Softworks Inc. of Alexandria went public with a $29.4 million IPO at $7 a share. Softworks' offering bulked up the balance sheet of the software company, a spinoff of Computer Concepts Corp. of Bohemia, N.Y. It also provided a $17.5 million payoff for the parent company and other investors who cashed out in the IPO, but so far it has been a disaster for investors. Softworks stock hasn't touched its offering price of $7 since day one. It closed Friday at $3.56 1/4 a share. In only five weeks Softworks shareholders have lost roughly half their investment. That's the fastest drop of any local IPO in years and a black eye for the investment bankers who sold the stock, SoundView Financial of Stamford, Conn., and Raymond James Associates of St. Petersburg, Fla. Yup,yup, I think I see an iceberg out there somewhere. Mr.Danny, please don't fall asleep at the helm, OH I forgot we don't have a rudder...