Posted by Yehoram on March 13, 2000 at 16:17:10:
In Reply to: Follow Up To Yehoram posted by Shawn Ellis on March 12, 2000 at 08:15:05:
Shawn,
I read what PSG had to say after being "phone bombarded" by several of Soligen's shareholders as well as potential ones who got my phone number. As a shareholder I enjoyed it. I have neither solicited it nor did I have any part in creating it. The first time that I heard about PSG was AFTER their recommendation was published.
The point that I made is that Soligen does not believe in soliciting hype or any kind of "promotion" that may influence the trading or investing in our shares. We encourage potential investors to carefully read our SEC filings and news release, analyze them and make a decision based on that information only. So did the PSG and I applauded them for that. I did not consider their write up as hype because it was based on public information and their unbiased opinion.
Lastly, since I have not sold any single share of Soligen I have not benefited from the PSG or any of the recent changes in the stock price. I am a long term believer and as such: (1) I do not see this recent increase as a reason to sell any share; and (2) I do not think that anything other than making Soligen a prosperous company will determine the long term shareholders value. We at Soligen are working hard toward that goal, and the short time change in the stock price does not affect our long term goals.
Regarding your comment about a "GM deal" - I have no clue to what you really refer. We do not publish any "insights" on deals. The only disclosure requirement that we have to follow is to disclose in a form of a news release or in a SEC filing, information that may significantly affect the business.
As of today, there is no agreement or signed contract that meets this criteria. We have avoided releasing information regarding our customers, products, purchase orders, etc. without their prior approval, and this procedure will be strictly kept.
Yehoram