American Mobile Satellite (skyc) Message Board

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Technology Stocks : American Mobile Satellite (skyc)

SKYC 7.010

-6.5%

Jan 28 9:30 AM EST

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To: VALUESPEC who wrote (148)	3/17/1998 12:58:00 PM
From: elk	Read Replies (2) of 400

I find these two passages from Skyc latest 10Q disturbing: <<a result of slower than anticipated sales of inventory, the Company has sought additional financing and strategic arrangements("Additional Transactions") to fund its operations through 1997 and into 1998 or beyond>> <<The Company expects that operating revenues will be insufficient to cover operating expenses until sometime in late 1998 or beyond.>> Don't you? Interesting how this company Admits that they will either have to take 100's of millions of dollars in financing, Dilution. Or close their doors very soon. Are you still relying on an IPO in Africa to save this Cash Burning? You have a mangament team that is spending money hand over fist with no tangible results. they have done a horrible job incrasing their customer base, and the company that they have an agreement with is trying to steal their customers! Thats disturbing, good thing you warned me off of oinvestng in this stock, Thanks, Mike!

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