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Strategies & Market Trends : Sharck Soup
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To: bosquedog who wrote (33225)8/20/2001 3:45:43 PM
From: American Spirit  Read Replies (1) of 37746
 
SCNT is a very small company now, shouldn't even be on the Naz and probably won't be for long. Notice how tiny the market cap is. 30-35 million with 80 million in cash and no debt or significant burn rate. They're in a sit-on-the-bottom holding pattern until the market improves and/or they can show evidence of an evolutionary move to service a new strategic niche. Focus I believe is on energy and chemicals now. They landed BP as a client. If they can get more they'll regain credibility. As for inside sellers they must be desperate for cash selling at half the cash value of the company.
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