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Technology Stocks : ARC (ALRC)-A revamped and transformed web-centric IT company

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To: FrozenZ who wrote (23)6/10/2000 2:17:00 AM
From: TheLineMan  Read Replies (1) of 87
 
Hope this helps
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Complicated ain't it. But it looks like ARC's only problem is that its share price stay above a $1 (and its bank keeps the faith). If the worst comes to the worst you'll probably see a reverse split. That's my guess anyway.
I took a look briefly at the company, the mystery to me is how that massive overdraft appeared a year ago. I don't see any losses big enough for that to have happened so rapidilly so I'm guessing they purchased someone. I haven't looked at the SEC docs yet, so I could be way off base.
Even with the overdraft they do seem to be less leveraged than most of the industry. I'll look into it over the weekend if the Euro 2000 soccer chamionship allows.
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