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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: nick stalin who wrote (90010)3/29/2000 9:55:00 PM
From: If only I'd held   of 108040
 
Why do I get the feeling they are about to sell about 10 million shares of stock to secondary buyers? 2 billion dollars in debt with losses in the 150 million dollar range and a recent 240% disappointment. I'm sure they have more, but yahoo showing cash of less than 30 mil right now, and that wouldn't cover 1 month's losses according to their track record. It's at the top of it's chart.....so I guess they are in need of money. Might fly, but I am reluctant to invest given all the negative sentiment about this type of company lately. Going on watch for trading opportunities.....although the average trade volume is only about 180k per day. Looks like some pump and dump in the works to me....but that's me....I worry about these things. Thanks.
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