SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Medix - (AMEX: MXR)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: REH who wrote (135)4/4/2000 6:53:00 AM
From: scott_jiminez   of 226
 
REH - even though the quarterly is a bit frightening to read, with all those huge increases in loses, such performance appears to be consistent with B2B startups.

In light of the recent devastating evaluation of companies like Drkoop.com, I found the auditors report to substantially outweigh the fact of the ongoing loses: For the past several years, Medix's Independent Auditors' Report has contained a statement regarding substantial doubt about the Company's ability to continue as a going concern. This year's report includes a clean opinion and contains no such statement.

In the context of the recent behavior of NASDAQ in general and the B2B in particular, the auditor's opinion is especially reassuring. Since the specific concern regarding internet and B2B stocks could be traced to the 'substantial doubt about the ability to continue as an ongoing concern' statement in many of these companies annual reports, the importance of the elimination of this statement in Medix' report cannot be overstated.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News