On TPEG that became IATR....
This stock has been on my watch list for a long time. It sits down on the 6th tier for a reason...I live in Los Angeles, I have worked in the entertainment industry, I have done projects for firms that are entertainment/digital/internet hybrids...I have always gotten to know the principals/players...there is one thing many of these folks share in common.. they constantly are looking for ways to reinvent themselves to "be the next big thing"..kind of like plastic surgery, new look, still the same old same old..competition in the IATR industry is BEYOND cut throat world wide, let alone LA.
IATR = IAT Resources Corp., engaged in the entertainment production and distribution until 6/99, changed its business focus to Internet technology development and
integration for the healthcare, education and entertainment segments. For the nine months ended 3/99, revenues fell 94% to $1.1 million. Net loss applicable to
Common totalled $2.2 million, vs. an income of $482 thousand. Results reflect reduced production and the termination of the talent management business.
I could go over to the IATR offices on Wilshire and throw rocks in 4 directions, hitting another company doing exactly what IATR is doing..they are not unique, they are not novel, they are not a leader. The competition and odds are stacked against IATR heavily. Anybody thinking long term here should look deeper before laying money on the table.
IATR is short term trader and nothing more IMHO. Thousands of DD'ers discover stocks like this everyday. No big deal. Hey someone let go "that guys" eggo!
Kaliico |
