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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Roger A. Babb who wrote (17384)	2/11/1999 6:58:00 AM
From: Dr. Stoxx	Respond to of 18691

If any are interested in commenting on my BEFRIEND THE TREND TRADING short recommendations, I would certainly welcome the input. All are chosen on technicals alone. See: techstocks.com Thanks, TC. PS: no hyping here. Just a genuine desire to have my reading of the technicals cross-checked by others with more experience.

To: Roger A. Babb who wrote (17384)	2/11/1999 8:08:00 AM
From: Rajiv	Read Replies (1) \| Respond to of 18691

If OCOM has dropped off your radar screen, it is time to put it back. OCOM has filed a preliminary proxy filing proposing a reverse split (ratio is yet to be determined). Brief Summary of events since we last discussed it on this thread - OCOM has managed to generate little revenues - The convertible still exists (2.5 million held by institutional convert pros and 0.625 million held by insiders/employees) - OCOM is almost totally out of money and desperately needs to raise cash - In late January, the Company consummated a private placement of 28.5 units, each unit consisting of a $100,000 unsecured negotiable promissory note and 40,000 shares of Common Stock, resulting in gross proceeds to the Company of $2,850,000. The net proceeds were $2,430,000 (which is around the quarterly cash burn rate) The terms of this private placement clearly indicates that OCOM is desperate for money to stay afloat - OCOM has been talking about a secondary/private-placement for 15 million for a long time. IMHO, they will not succeed - the current market cap is less than 15 million - OCOM does not meet the net tangible assets requirement for continued listing on the Nasdaq NM. They can get around the minimum bid requirement by a reverse split but the NTA requirement should get them delisted. Regards Rajiv