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Gold/Mining/Energy : KASTEN CHASE APPLIED RESEARCH.

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To: Ruby who wrote (1073)11/24/1999 11:51:00 AM
From: Ichy Smith  Read Replies (1) of 1247
 

Message #1073 from Ruby at Nov 24 1999 10:28AM
Until now, springboard caused a cash drain on kasten. this should stop immediately especially with a cash infusion"


no cash until the product is delivered. so they are now going to have to finance Springboard, either with loans or with a stock offering, either of which means longer till KCA sees any money from Springboard.

"If SSpringboard is evaluated at more than kasten's market cap, something is wrong especially as RASP and Versapath start bringing in big contracts."

Springboard has solid contracts, and a real technology.... something that people can look at and evaluate. Kasten has maybe..... Nothing solid, no big contracts, just maybe we will get some things going after the Y2K stuff passes by. The stock opened this morning at 57 cents, I expected it to be well over 60 cents this morning now that there is some news.

"anyways I am still a big buyer at these prices. should double to triple by april."

I got a few shares, but by Friday I will decide whether or not this one goes to the dumpster
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