IFMX - Investment Discussion Message Board

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Technology Stocks : IFMX - Investment Discussion

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To: M. Charles Swope who wrote (14081)	4/28/2000 11:07:00 PM
From: Howard Armstrong	Read Replies (3) of 14631

My biggest worry about the DSOs is that IFMX might be doing what LGTO was doing: "selling" software to fly-by-night dot-com companies who now cannot pay their invoices. Fortunately I bailed out of IFMX when it got to 19. I just took a bath with LGTO. (now LGTOE, since they cannot file their annual report due to re-auditing and re-stating earnings. Sound familiar, IFMX fans? Also, Phil White is on their board!) It may be an "industry trend", but inflated receivables is a bad sign, period. There are a lot of reasons that customers don't pay their bills, all of them bad.

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