Jim,
A few weeks back, I spent sometime reviewing all the posts on this thread - I have changed my opinion over the last few months. This time last year, I was at least prepared for the small possibility that the CJ will generate modest revenues. Now, I am very confident that the whole thing is a scam.
There are simply too many red flags associated with the Altair story.
For starters..
- No revenues
- Miniscule R&D expenses
A few days back, Altair sneaked in a SEC filing registering 1.5 million shares. This would have been an uphill task for them to do. Within a few days, we get this Prudential story. Is this a coincidence ? It looks like a P&D to me..
As for what I think about the analysts views on Altair...
From the Prudential report - We estimate that these jigs from applications other than Camden may generate revenues of $2 million-$3 million in 1999 and over $7 million in 2000."
IMHO, this will never happen..
I believe some newsletters are talking about buy-outs, mergers, etc. - IMHO, there will be no buy-outs. A few years down the line, we will probably see some mergers with other speculative mining shells (similar to the ones which Altair has gone through over the last decade).
IMHO, the CJ is worthless and so is the Camden property. Altair has no worthwhile assets. It only has a story.
All comments imo.
Regards.
Rajiv
P.S. Welcome to SI. |
