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Microcap & Penny Stocks : International Automated Systems -- Ignore unavailable to you. Want to Upgrade?

To: bottomfish who wrote (1444)	11/27/1998 2:58:00 AM
From: Jim Posey	Read Replies (3) \| Respond to of 7618

Barton, None of the information that I have says that IAS ever stated that they had a modem prior to June 27, 1996. What I read in the Barron's article stated that they had an "operational DWM prototype. This prototype will prove that DWM is entirely capable of living up to its claims as stated....". Furthermore, IAS claimed that DWM transmitting through current cable lines "can transmit over 6,000,000 BAUD" and through current telephone lines (POTS) "can transmit 150,000 to 600,000 Baud (apx 20xs faster than current modems over POTS)". I see nothing in the article that says that they had a fully functional modem at the time of the June 27 demo. As to the millions that you keep referring to, where do you think that the money is coming from to keep the company working? If you look at the financial statements you will see that they have spent millions on R&D. Just wondering, if this stock is the sham that you say it is, why is your cousin still holding all that stock? Isn't it amazing, we go for weeks and weeks and nothing new is written on this thread. On Tuesday, we get 17 transactions on this stock and they are all buys and on Wednesday the stock jumps to 2.75. Then all of a sudden, Paul returns, again stating that he holds no stock, to tell us all how to get in touch with the SEC. For two years he has maintained the vigil to keep everyone advised and he doesn't even own one share of stock. I for one, find it very unusual. In addition, we also get a guy who can't spell. One of the things that you should be aware of on the internet is the manipulation of stocks. The first thing that they caution you of is to watch for those who continually misspell words. Maybe this is all coincidence but it does make one wonder. Paul has caused a lot of people to sell their stock. For some reason, the people that bought those 77,000 shares on Friday aren't listening. Any guesses? Jim