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Non-Tech : Bill Wexler's Dog Pound
REFR 1.560-2.5%Nov 7 9:30 AM EST
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To: Bill Wexler who wrote (1401)6/17/1999 6:06:00 PM
From: BelowTheCrowd  Read Replies (1) of 10293
 
Bill,

I'd suppose that there is a risk of them running out of cash eventually. A look at the latest 10K and 10Q makes it pretty clear that the rights offering and asset sales have been key elements of keeping the company going. Eventually, they'll run out of stuff to sell.

But I see nothing that would precipitate a sudden drop. Probably better shorts out there.

BTW, good call on a temporary bottom in MCHM. Wish I had listened. Amazing how they always have some sort of announcement when the stock is down 40%...

mg
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