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Technology Stocks : IFLY - travel sales on the web pure play -- Ignore unavailable to you. Want to Upgrade?

To: simarx who wrote (3667)	1/6/1999 3:27:00 PM
From: Kevin	Respond to of 4761

My broker said that he was receiving calls from an MM who needed to borrow shares. This could mean that there is a large naked short position. So let us see what happens in the next couple of days. I would say that means a "Shorter" wants to borrow (more) shares to short, not that they are trying to cover a "naked position." To me, this fact is more bearish than bullish.

To: simarx who wrote (3667)	1/6/1999 4:01:00 PM
From: Sir Auric Goldfinger	Respond to of 4761

Never Mind: "Article 3 of 38 Lexington Cap/NASD -2: For Investor Fraud, Impeding Scrutiny 11/02/98 Dow Jones News Service (Copyright (c) 1998, Dow Jones & Company, Inc.) WASHINGTON (Dow Jones)--NASD Regulation Inc. censured and fined Lexington Capital Corp., New York, $100,000, and its chief executive and president, Alan Michael Berkun, $150,000, for collaborating to defraud investors and impeding regulatory scrutiny. In a press release Monday, NASD Regulation said Lexington Capital , which is now known as Preston Langley Asset Management, and Berkun were also ordered to pay more than $200,000 in restitution and interest to nearly 200 investors. Specifically, Lexington Capital and Berkun were charged with violating the federal securities laws by, among other things, selling thousands of shares of a penny stock, U.S. Bridge Corp., to nearly 200 investors without making the required disclosures and determining if the investors were suitable to purchase those securities. The complaint, which was filed by the NASD Regulation's New York District office, also alleged that Lexington Capital and Berkun charged investors more than $100,000 in fraudulently excessive markups in connection with an unregistered public distribution of 100,000 shares of Crown Laboratories Inc. (CLWB) common stock. NASD Regulation said Berkun was also censured and barred as a general securities principal, while another former employee and broker, Joseph Marc Blumenthal, was censured, barred and fined $100,000. NASD Regulation also charged that Lexington Capital , acting through Berkun and others, falsified the firm's books and records to conceal the fact that Blumenthal solicited and effected more than 300 transactions with investors while not properly registered with NASD Regulation and several states. (END) DOW JONES NEWS 11-02-98 03:50 PM

To: simarx who wrote (3667)	1/6/1999 5:51:00 PM
From: italiana	Read Replies (2) \| Respond to of 4761

simarx, My overview of this company has been very positive, and as of this date it will remain positive. My opinion of IFLY has not changed, it is still a profitable travel agency with a state-of-the-art interactive Internet booking system. As I have stated in previous postings, I must believe in a company's ability to provide a service, how well does that company provide that service and can they make a profit from it. In the past I have not used 800 Travel System's 800 number to reserve seating arrangements on airlines. But within the last year I have become very dependent on the use of the Internet to attain merchandise and goods. I have use the services of such companies as Preview Travels, and the other larger travel agencies to obtain price quotes for such services as renting a car and obtaining hotel rooms. The prices that were quoted by those other Internet travel agencies were not less than the prices quoted directly from the rental car agency, such as Hertz, or the hotel, such as Hilton. I've tested the interactive Web site introduced by 800 Travel Systems and find the system quite remarkable and very impressive. This innovative marketing strategy of selling airline tickets and other travel amenities by interactive exchange with a travel agent in real-time is state-of-the-art and unique. A truly believe that the use of the interactive Web will enhance the revenue of IFLY while lowering their cost of doing business, therefore I will remain invested in this company. But I am trying to understand what happened in the last few weeks, although I did not believe that IFLY's stock was going to the moon, I did believe it is compatible with Preview Travel and should have traded in the 12 to 16 dollar range. A great number of people lost large vast amounts of money on this company within the last week. Although I do FAULT the company in its FAILURE to market its services effectively, I still believe there were many factors that entered into the downfall of the value of this stock. I do not believe that the explanation of a warrant strip or the alleged involvement of criminal activity by corporate officers as explained by Auric was the reason for the sharp decline of the price of the shares, although I will read what he and others have to say, but obviously something terribly wrong did occur to make this stock declined to their current price. For the individuals who made money in this stock by shortening it and then posting misstatements, misrepresentation and lies, I believe they are no different than the con man that steals retirement money from the elderly from a boiler room scheme. I see this type of revenue as "blood money." I wish the best of luck to the remaining shareholders of IFLY. italiana