Speaking of the third quarter results - one other thing that was kind of overlooked by the thread last week is that in the last quarter JDX was in a negative burn rate.....
For the period ending Sept. 30 1999
Cash and Short Term Investments - $18,945,000
Medsite.com - $1,500,000
Loma De Niquel - $1,020,000
Accounts Receivable - $19,142
Capital Assets - $30,705
Liabilities - $8,132
Assets - Liabilites = $21,506,000
For the period ending June 30, 1999
Cash and Short Term Investments - $18,938,000
Medsite.com - $1,500,000
Loma De Niquel - $1,020,000
Accounts Receivable - $25,999
Capital Assets - $33,332
Liabilities - $54,440
Assets - Liabilites = $21,458,000
I just wanted to point this out since it is very rare for a company in this situation, actively looking for deals and setting up alliances, to be in cash flow positive. It just goes to show that they are out to build shareholder value and not burn through their cash.
Note - I don't think I have to point out to anyone that both the Medsite.com and Loma De Niquel are both way undervalued.
Best Regards
KEITH |
